GOLD – Overview | Bullish Momentum Above $4,093
Gold is holding above the $4,100 mark, reaching a fresh record high as escalating U.S.-China trade tensions drive investors toward safe-haven assets.
The rally is supported by rising political and economic uncertainty, expectations of further U.S. rate cuts, and strong central-bank demand alongside continued ETF inflows.
Traders now await Fed Chair Jerome Powell’s speech in Philadelphia later today for clues on the next steps in monetary policy.
🕯 Technical Outlook
The price is expected to consolidate between 4,093 – 4,100 until a clear breakout.
As long as gold trades above this zone, bullish momentum is likely to extend toward 4,125 → 4,162 → 4,180.
If price closes a 1H or 15M candle below 4,093, a bearish correction may occur toward 4,058 → 4,040.
Pivot: 4,098
Support: 4,075 – 4,058 – 4,040
Resistance: 4,124 – 4,147 – 4,180
Gold is holding above the $4,100 mark, reaching a fresh record high as escalating U.S.-China trade tensions drive investors toward safe-haven assets.
The rally is supported by rising political and economic uncertainty, expectations of further U.S. rate cuts, and strong central-bank demand alongside continued ETF inflows.
Traders now await Fed Chair Jerome Powell’s speech in Philadelphia later today for clues on the next steps in monetary policy.
🕯 Technical Outlook
The price is expected to consolidate between 4,093 – 4,100 until a clear breakout.
As long as gold trades above this zone, bullish momentum is likely to extend toward 4,125 → 4,162 → 4,180.
If price closes a 1H or 15M candle below 4,093, a bearish correction may occur toward 4,058 → 4,040.
Pivot: 4,098
Support: 4,075 – 4,058 – 4,040
Resistance: 4,124 – 4,147 – 4,180
Technical & Macro Market Analyst specializing in Gold, U.S. Indices, and Forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
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Technical & Macro Market Analyst specializing in Gold, U.S. Indices, and Forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.