⭐ Gold Market Update – $XAU / $PAXG
Gold futures started the day with muted activity as Asian markets were largely closed for Lunar New Year, resulting in low trading volumes. This light participation made prices more sensitive to economic news, while a slightly stronger US dollar kept gold under mild pressure.
📊 Current Price Action:
Gold is trading around $5,700 – $5,750 per ounce.
Earlier intraday gains have slowed, signaling a consolidation phase rather than a sharp move higher or lower.
📈 Key Levels to Watch:
Support: $5,600 per ounce – as long as this holds, the medium-to-long-term bullish outlook remains intact.
Resistance: $5,820 – $5,850 per ounce – a sustained move above this range could confirm renewed upside momentum.
XAUUSDT
Διην.
4,982.7
+1.29%
PAXG
4,987.01
+1.30%