Are you keeping an eye on the XAUUSD chart? Here's the latest update on this popular trading pair.

Current Price Movement

The price of XAUUSD has been fluctuating within a narrow range over the past week, with a massive upward trend observed in the last few trading sessions creating new ATH. As of today, the price stands at $2,150 per ounce, showing a 1.80% decrease compared to the past weeks.

Key Support and Resistance Levels

Our expert financial analysts have identified key support regions around $2,143/$2,125 and resistance regions ar $2,160/$2,177. These levels will be holding strong in the market. Traders are closely monitoring these levels for potential opportunities.

Market Sentiment

The market sentiment for XAUUSD remains bullish, with investors flocking to safe-haven assets amidst global economic uncertainties. The recent surge in inflation rates has also contributed to the positive outlook for gold, driving demand for the precious metal.

Traders are advised to exercise caution and wait for a clear signal before taking any positions.

Stay tuned for more updates on the XAUUSD chart as market conditions evolve. Remember to conduct briefly add your said confluences and personal analysis according to your strategy before making any trading decisions.

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