The price of gold hangs near a multi -day low level of stronger USD; Bears are not convinced among commercial shivers

The price of gold attracts some sellers because the low USD force causes some profits.
Fed Rotary rates should reduce US recovery and support inflexible yellow metal.
Trade vibration and growing geopolitical tensions can further reduce losses for Xau/USD.

The price of gold (Xau/USD) continues to lose its ground on the second day in a row on Friday, although it was slightly reflected from the area of 3,020 USD or three -day low affected during the early European session. Federal reserve forecast (FED) for only two rates of rates of 25 base points (BPS) by the end of this year helps the American dollar (USD) in obtaining positive adhesion in the third in a row, which in turn undermines the goods. In addition, the host can be additionally attributed to a number of profits at the weekend.

It is assumed, however, that the Federal Reserve (FED) resume its rate of withdrawal of the rate, should limit USD profits and act as a wind at an unlikely gold price. In addition, uncertainty about the aggressive commercial policy of US President Donald Trump and their impact on global economic perspectives, along with geopolitical risk, stop traders from placing aggressive bears around a unthreatening bull. This, in turn, makes it wise to wait for a sturdy observing sales before confirmation that the Xau/USD pair has been achieved in the near future.

Daily Digest Market Movers: Gold Price Bulls become cautious among good reception in USD demand

The American dollar attracts several buyers for the third day in a row and wants to rely on reflecting this week from a multi -month low level, exerting inheritance pressure on the price of gold during an Asian session on Friday.
Investors are worried about the endangered tariffs of US President Donald Trump, which, he said, will come into force on April 2. This is covered by a flat 25% duty on steel and aluminum from February.
US Senator Steve Daines will visit China for commercial talks-establishing the first high-level political meeting since the return of President Donald Trump-to revive detainees of trade negotiations in connection with the growing tariff tensions.
Both Russia and Ukraine increased air attacks on Thursday among truce conversations, and Ukraine hit the Russian Air base of Engels in the Saratov region with attacking drones, causing fire and explosions in the area.
In addition, Ukraine’s Air Force informed on Thursday that Russia introduced 171 drones on its territory. Meanwhile, Russian officials and the USA have talks about Ukraine in Saudi Arabia on Monday.
Israel resumed bulky strikes in Gaza on Tuesday, breaking the suspension of weapons with Hamas, which existed since the end of January. In addition, Hamas fired three rockets in Israel on Thursday without causing victims.
The Federal Reserve indicated that by the end of this year it will provide two 25 foot points of the base points, and will also revise its growth perspectives due to uncertainty about the impact of Trump’s aggressive trade policy.
Adding to this, Fed Chairman Jerome Powell said that the tariff probably suppressed economic growth. Investors now see that the American Central Bank reduces the costs of loans at monetary policy meetings in June, July and October.
The prospects of further policy facilitating by the Fed can stop USD bulls from placing aggressive plants and act as the rear wind for the inflexible yellow metal in the absence of significant macro publications in the USA.

The price of gold can accelerate repair withdrawal when support of $ 3,020 is definitely broken

From a technical point of view, the correction slide observed in the last two days can be assigned to some gain of profits in slightly bought conditions on the daily table. To say, the lack of any observed sales guarantees caution for the bears of traders and before confirming that the price of gold has exceeded in the near future. Therefore, a further decrease below 3 023-3 022 USD may continue to be perceived as the possibility of purchase and remain confined near the psychological sign of USD 3000.

The latter should act as a key key point for short-term traders, which, if it has definitely broken, can cause some technical sales and transfer the price of gold to 2,980-2 978 USD indirect support on the way to the area of USD 2956. The downward trajectory can extend to USD 2930 support before Xau/USD falls to the 2,200 USD mark and aims to test the swing last week, around USD 2.880.

On the other hand, zone 3 057-3 058 USD or all time affected on Thursday, it seems that it acts as an immediate obstacle. Constant strength will also be seen as a fresh trigger for stubborn traders and pave the way to extend the recently recognized, witness in the last three months.