XAU/USD Slips as Dollar Gains on Trade Deal – Bearish Below Pivot Zone
Gold is under pressure as the U.S. dollar strengthens on optimism around a trade agreement. Risk appetite has returned, weighing on safe-haven demand.
Price failed to hold the pivot zone (3347–3360) and is now slipping below 3327. A 4H close below 3313 will likely trigger further downside.
Until bulls reclaim the pivot, bias stays bearish. Next support sits near 3287 if 3313 breaks clean.
Key Levels:
Resistance: 3388 – 3390 – 3412
Pivot Zone: 3340 – 3347
Support: 3313 – 3263
Gold is under pressure as the U.S. dollar strengthens on optimism around a trade agreement. Risk appetite has returned, weighing on safe-haven demand.
Price failed to hold the pivot zone (3347–3360) and is now slipping below 3327. A 4H close below 3313 will likely trigger further downside.
Until bulls reclaim the pivot, bias stays bearish. Next support sits near 3287 if 3313 breaks clean.
Key Levels:
Resistance: 3388 – 3390 – 3412
Pivot Zone: 3340 – 3347
Support: 3313 – 3263
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.