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.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.