On Thursday, Trump officially announced a halt to military strikes against Iran, while also releasing positive signals that the US and Iran might reach an agreement by the weekend, which boosted gold prices significantly, with gold closing with a large bullish candlestick on the daily chart.
Following the Asian market open, the price is hovering near the 5-day moving average. The overall moving average structure remains in a bearish alignment with a downward trajectory, indicating that the medium-to-long-term weak trend has not yet fully reversed.
For the final trading day of the week, the focus is on the sustainability of this rebound. If bullish momentum persists and the upward trend continues, watch for resistance in the 4250–4270 range—a zone that previously served as a key level for support-resistance flipping. The key support level to watch is around 4160, which is currently the most critical support level.
Short-term trading involves buying and selling within the range of 4160-4250. A decisive trend reversal may begin next week.
Following the Asian market open, the price is hovering near the 5-day moving average. The overall moving average structure remains in a bearish alignment with a downward trajectory, indicating that the medium-to-long-term weak trend has not yet fully reversed.
For the final trading day of the week, the focus is on the sustainability of this rebound. If bullish momentum persists and the upward trend continues, watch for resistance in the 4250–4270 range—a zone that previously served as a key level for support-resistance flipping. The key support level to watch is around 4160, which is currently the most critical support level.
Short-term trading involves buying and selling within the range of 4160-4250. A decisive trend reversal may begin next week.
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.