XAUUSD maintains a strong bullish trend on the H1 timeframe, consistently posting higher highs and higher lows while holding above both the EMA34 and EMA89. After breaking out of the previous downtrend line, the price retested the 4,119.8 level and saw a quick resurgence of buying pressure, indicating a flip from resistance to support.
Fundamentally, gold prices continue to be supported by safe-haven demand amidst geopolitical tensions in the Middle East and technical buying following the establishment of a two-week high. Although the US dollar remains strong and the Fed is expected to keep interest rates elevated, defensive capital flows remain the dominant factor, favoring the bulls in the short term.
If the 4,119.8 level holds, XAUUSD is likely to extend its gains toward the psychological resistance level of 4,184.3. Only an H1 close below 4,119.8 would invalidate the bullish scenario and raise the risk of a deeper correction.
Strategy: Prioritize BUY positions if the price holds above 4,119.8; target 4,184.3.
Fundamentally, gold prices continue to be supported by safe-haven demand amidst geopolitical tensions in the Middle East and technical buying following the establishment of a two-week high. Although the US dollar remains strong and the Fed is expected to keep interest rates elevated, defensive capital flows remain the dominant factor, favoring the bulls in the short term.
If the 4,119.8 level holds, XAUUSD is likely to extend its gains toward the psychological resistance level of 4,184.3. Only an H1 close below 4,119.8 would invalidate the bullish scenario and raise the risk of a deeper correction.
Strategy: Prioritize BUY positions if the price holds above 4,119.8; target 4,184.3.
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.
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.