XAUUSD Daily Levels with ICHIMOKU

Using the Ichimoku indicator I identified the daily trading levels. If gold is expected to undergo a decline, its first significant support level will be at $1980. If market bears push gold lower, the following critical level will be $1960. If gold experiences an increase, its first significant resistance level will be at $2050, an important price point. This belief that the Federal Reserve is in the process of ending its tightening cycle has led to a decline in the yield of ten-year bonds, followed by a depreciation of the dollar and a strengthening of gold. Aside from that, increased concerns about the occurrence of another recession have led investors to pay more attention to gold, which is considered a safe-haven asset.