Rowan_TradingFX
@t_Rowan_TradingFX
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Rowan_TradingFX
Currently, gold prices are attracting some dip buyers after the previous day's pullback from record highs amid persistent safe-haven demand, driven by concerns over a global economic downturn due to tariffs. Furthermore, expectations of a Fed rate cut and the lack of USD buying interest provide additional support for XAUUSD From a technical perspective, we see the Bollinger Bands showing signs of price narrowing, indicating that long-term buying or selling at this moment is risky. We are looking for key areas to buy or sell as the main trend remains sideways. For instance, if the price drops below 3145, we might consider selling, while a rise above 3105 could signal a buying opportunity.Happy trading, and may your trades be profitable!
Rowan_TradingFX
Rowan, hello everyone!Currently, today's gold price continues to demonstrate strength as it trades around $3,133. Clearly, this precious metal is maintaining its robust performance, having risen significantly since breaking through the $3,100 mark.However, today's gold price has yet to achieve a major breakthrough as the market appears cautious and awaiting announcements regarding reciprocal tariffs from US President Donald Trump. At that point, a clearer picture of gold's direction will emerge.Today we have several important milestones:Support level at 3127Resistance level at 3148, followed by the upper boundary of the bullish channel
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