Gold prices (XAUUSD) declined during the Asian trading session on Friday, eroding part of the strong upward move triggered by the weaker-than-expected U.S. CPI data from the previous day, down to the 2,424-2,425 dollar range. A modest increase in U.S. Treasury yields helped the U.S. dollar (DXY) attract some buyers. Gold is currently trading around the 2400 mark. Today, it is crucial to carefully consider entry points and ensure that signals are very reliable.
Key resistance levels: 2420 - 2428 - 2434
Strong support levels: 2394 - 2388 - 2375
BUY XAUUSD 2397-2394
SL 2390
TP 2318