Gold Price Analysis for the Week of 26/2 - 1/3/2024
• Gold price is expected to end the week positively due to decreasing US Treasury bond yields and lack of significant news.
• The XAU/USD is currently trading at $2,038, showing a 0.70% increase.
• Gold prices unexpectedly increased last week, breaking through the $2030 range and continuing to trade above it.
• Based on technical analysis, NOVA identifies key resistance at $2050 and support at $2030, $2016, and $2000.
• Gold price is expected to end the week positively due to decreasing US Treasury bond yields and lack of significant news.
• The XAU/USD is currently trading at $2,038, showing a 0.70% increase.
• Gold prices unexpectedly increased last week, breaking through the $2030 range and continuing to trade above it.
• Based on technical analysis, NOVA identifies key resistance at $2050 and support at $2030, $2016, and $2000.