Xauusd Long

Gold price appreciates to all-time highs near $2,230 per troy ounce, attempting to continue its winning streak for the fifth successive session on Friday. However, trading volumes are light as market participants are likely observing Good Friday. The glitters of Gold are attracting buyers as market sentiment leans toward major central banks initiating an interest rate-cut cycle this year.

European Central Bank (ECB) policymaker Francois Villeroy suggested that achieving the ECB's inflation goal of 2% is feasible, but he cautioned against escalating downside risks if the ECB opts against rate cuts. ECB executive board member Fabio Panetta remarked on Thursday that "the conditions to begin easing monetary policy are emerging."

Gold News: Read the Latest Analysis on XAU/USD
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.

Gold Now Buy 2233
TP 2245
TP 2255
TP 2270
SL 2204

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