XAUUSD - There is still a chance to get back of 2200 USD
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Yesterday, gold prices serenely glided through the day, unaffected by any major market waves in the absence of noteworthy news, with today's price cradling around $2160, signaling a soft resurgence.
The $2145 mark stands firm as a pillar of support for this noble metal during these times. A shift towards a less hawkish stance by the Fed could soften the dollar and depress yields. This shift would likely serve as a catalyst for a revival in the gold market, potentially propelling prices to touch the illustrious $2200 per ounce, once it overcomes the resistance at $2175.
Yesterday, gold prices serenely glided through the day, unaffected by any major market waves in the absence of noteworthy news, with today's price cradling around $2160, signaling a soft resurgence.
The $2145 mark stands firm as a pillar of support for this noble metal during these times. A shift towards a less hawkish stance by the Fed could soften the dollar and depress yields. This shift would likely serve as a catalyst for a revival in the gold market, potentially propelling prices to touch the illustrious $2200 per ounce, once it overcomes the resistance at $2175.
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