Will Gold Maintain Its Momentum?Hello everyone, it's Rena here! Today, let's analyze and predict the trend for the XAU/USD.
Currently, the international gold price is trading around $2,330 USD/ounce, slightly higher than the previous session.
Investors are keenly awaiting the latest U.S. inflation report. If the inflation data exceeds expectations, it could bolster the demand for gold as a safe-haven asset.
If gold prices can sustain above the support level of $2,300 USD/ounce and break through the resistance level of $2,350 USD/ounce, we could see the continuation of the bullish trend.