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Gold (XAUUSD) Consolidates in Ascending Triangle as Silver Holds Bullish Bias Above $37
Gold (XAUUSD) dropped on Thursday but recovered after the release of US economic data as risk sentiment improved. The decline was driven by traders shifting capital from safe havens to equities. Hopes for an EU-US trade breakthrough reduced market fears. As a result, gold dropped from a resistance of $3,450 to just above $3,350. US President Donald Trump signaled progress in trade talks with the European Union. His comments on lowering tariffs if the EU opens its market boosted investor confidence. German Chancellor Merz also expressed optimism ahead of key meetings. This shift supported risk assets and weakened ... (full story)
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- Jul 24, 2025 9:45pm Posted byTechnical Analysis337
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