Gold Prices Steady as XAU Hangs On Despite Dollar Weakness
Gold prices are holding steady amid a weaker dollar environment. Recent trading conditions show that XAU is gaining traction, yet resistance remains at the 50-day moving average. Investors are keeping an eye on this critical threshold, as climbing above 50-day average could open the door for further gains. Currently, the key support level is observed at $2629, which traders are focused on as they assess the market’s strength. As the dollar’s fluctuations impact gold, investors must remain vigilant in their strategies. By understanding the dynamics between gold and the USD, traders can make informed decisions about their investments.