Gold prices declined slightly earlier today, reaching a low of $1,912.66 during London trading hours. However, the losses were mostly recovered after Wall Street's opening. The US Dollar gained strength in the first half of the day due to a cautious market sentiment caused by tensions between China and the US, which raised concerns about economic growth.
Later in the day, the US stock indexes recovered and traded positively, which weakened the US Dollar. Despite this, the lack of significant data limited activity among equities, resulting in no change in XAU/USD trading for the day.
Support levels: 1,903.00 1,892.95 1,877.10
Resistance levels: 1,930.70 1,945.20 1,958.75
Later in the day, the US stock indexes recovered and traded positively, which weakened the US Dollar. Despite this, the lack of significant data limited activity among equities, resulting in no change in XAU/USD trading for the day.
Support levels: 1,903.00 1,892.95 1,877.10
Resistance levels: 1,930.70 1,945.20 1,958.75
