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XAUUSD | Price Analysis | Lower High or Deeper Correction? | METALS

Published: 30.04.2024
by Joseph Jeffriess

Hi, traders. Thanks for tuning in for today’s update. Today, we are looking at gold on its daily chart.

Pattern – Lower High swing point
Support – 2290.50 to 2315
Resistance – 2338.40

Do we have a new swing lower in play after sellers formed a lower high? This could be the case, but we still need some confirmation. In today’s video, we have run over our thoughts on the price and possibilities we are looking at.

Currently, the USD does not influence gold too much, but we have the FOMC and NFP this week. Keep an on these releases.

Gold: Lower high confirming?

Good trading.

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