Gold failed to break above the MA50 on Friday, which was followed by a move lower to test the MA200, where buyers stepped in and triggered a bounce.
Price is now trading just below the 4600 resistance. To see another push higher, gold needs to reclaim 4600 and the MA50, which would open the door for a move toward the 4637 resistance. A clean break above 4637 would expose higher levels.
Failure to reclaim 4600 would likely lead to a deeper pullback into the first reaction zone. If selling pressure builds further, watch the lower support levels for potential bullish reactions.
📌Key levels to watch:
Resistance:
4600
4637
4664
4690
4722
Support:
4564
4537
4497
4455
4419
👉Let key levels guide your decisions — wait for confirmation and manage risk accordingly.
🔍 Fundamental Focus
Trade tensions remain elevated after the US applied tariffs linked to the Greenland dispute, set to take effect from February 1st, prompting a strong response from the EU and raising broader trade risk.
As these announcements were made while markets were closed, today’s open may see increased volatility and potential gaps, especially in gold as a safe-haven asset.
Price is now trading just below the 4600 resistance. To see another push higher, gold needs to reclaim 4600 and the MA50, which would open the door for a move toward the 4637 resistance. A clean break above 4637 would expose higher levels.
Failure to reclaim 4600 would likely lead to a deeper pullback into the first reaction zone. If selling pressure builds further, watch the lower support levels for potential bullish reactions.
📌Key levels to watch:
Resistance:
4600
4637
4664
4690
4722
Support:
4564
4537
4497
4455
4419
👉Let key levels guide your decisions — wait for confirmation and manage risk accordingly.
🔍 Fundamental Focus
Trade tensions remain elevated after the US applied tariffs linked to the Greenland dispute, set to take effect from February 1st, prompting a strong response from the EU and raising broader trade risk.
As these announcements were made while markets were closed, today’s open may see increased volatility and potential gaps, especially in gold as a safe-haven asset.
🟡 Free Telegram: t.me/SheTradesGold1
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
🟡 Free Telegram: t.me/SheTradesGold1
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.