Gold trades near $4,930, bouncing after two days of decline as dip buyers stepped in. Fed officials suggest rates may stay on hold for now, but cuts remain possible later this year. Markets await FOMC minutes, GDP, and PCE data.
Technical Outlook
* Recovery from short-term correction
* Approaching breakout zone
* Momentum mixed; needs confirmation above resistance
Key Technical Levels:
* Resistance: $4,960 / $5,000
* Support: $4,880 / $4,820
* Sustained move above $5,000 → bullish expansion
* Break below $4,820 → deeper pullback risk
Bias: Neutral to bullish above $4,880.
Technical Outlook
* Recovery from short-term correction
* Approaching breakout zone
* Momentum mixed; needs confirmation above resistance
Key Technical Levels:
* Resistance: $4,960 / $5,000
* Support: $4,880 / $4,820
* Sustained move above $5,000 → bullish expansion
* Break below $4,820 → deeper pullback risk
Bias: Neutral to bullish above $4,880.
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.
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.