XAUUSD at risk of dropping – is gold going to fall further?

7月14日

XAUUSD is currently trading around 3,355, close to the resistance at 3,375. After a strong rally, gold is facing difficulty at this level and is likely to experience a correction. A symmetrical triangle pattern is forming, and if gold fails to break through the resistance, the price could drop to 3,301 or 3,255.

In terms of news, the USD and U.S. bond yields are holding steady, with stable U.S. employment data and no clear signals from the Fed on interest rate cuts. Additionally, the World Gold Council warns of a potential correction in gold if global political tensions ease or if USD and bond yields continue to rise.

Sellers are starting to take control, and if the support at 3,320 is broken, gold could fall further. Keep a close eye on the market!

7月14日

交易進行