Vea también
28.05.2025 06:23 PM
Gold is rising today as investors remain on edge amid uncertainty surrounding trade tariffs, fiscal challenges in the U.S., and geopolitical risks—factors that support demand for safe-haven assets. Additionally, expectations of Federal Reserve rate cuts are holding back dollar bulls from taking aggressive action, creating favorable conditions for further growth in the XAU/USD pair.
From a technical perspective, the overnight breakout below the key psychological level of $3300 has cast doubt on the bullish trend. A sustained move below this level would confirm a bearish bias. However, oscillators on the daily chart remain in positive territory, preventing a deeper price decline. Therefore, it is too early to confirm a bearish outlook. Any further drop is likely to attract buyers around the $3250 level, which remains a key support. If this level is breached, the bias may shift in favor of the bears.
On the other hand, the current move has encountered resistance at $3325, followed by $3340. A break above these levels could trigger short-covering, lifting the pair toward the next resistance at $3366. Continued upward movement beyond this point would signal a recovery in XAU/USD. A sustained advance above $3366 could act as a fresh bullish trigger, enabling the precious metal to return to the psychological level of $3400.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
