Hello and welcome back to DP,
Review and news:
Yesterday Gold pulled back slightly from recent highs after strong run-up. According to FXTrendo, it had briefly topped the psychological US$4,000/oz level, then traded around ~US$3,995. Expectations that the Federal Reserve might cut interest rates later this year remain a tailwind, which helps non-yielding assets like gold. Geopolitical uncertainties and safe-haven demand continue to underpin gold’s appeal. In summery gold remains structurally bullish, but near-term momentum is under pressure. The market is in a consolidation/correction phase while waiting for the next catalyst (Fed clarity, inflation prints, major geopolitical event).
1H – 4H Technical Analysis:
As you can observe, the major downtrend broke, the upside moving is feuled up. Demand zones are strong and 3914 zone is still irony. So if price pass and break 4024 area, there is potential to uptrend goes continuously. With analyzing the support and resistance zones, these scenarios are possible: Bearish scenario: If gold fails to reclaim the resistance zone (~4,000 +), and breaks below short-term support (~3,940), then a deeper retracement toward ~3,900 or lower becomes more likely. Bullish scenario: If gold holds above ~3,940-3,900 and the Fed or external shock triggers safe-haven flows, a move back toward ~4,050-4,100 is possible. Neutral to caution: Given the mixed signals (strong overall trend but short-term pullback), many traders may prefer to wait for confirmation (e.g., breakout above resistance or a clean bounce off support) rather than aggressively chase.
Disclaimer:
This content is for informational purposes only and does not constitute financial or investment advice. © DIBAPRISM
Amir D.Kohn
Review and news:
Yesterday Gold pulled back slightly from recent highs after strong run-up. According to FXTrendo, it had briefly topped the psychological US$4,000/oz level, then traded around ~US$3,995. Expectations that the Federal Reserve might cut interest rates later this year remain a tailwind, which helps non-yielding assets like gold. Geopolitical uncertainties and safe-haven demand continue to underpin gold’s appeal. In summery gold remains structurally bullish, but near-term momentum is under pressure. The market is in a consolidation/correction phase while waiting for the next catalyst (Fed clarity, inflation prints, major geopolitical event).
1H – 4H Technical Analysis:
As you can observe, the major downtrend broke, the upside moving is feuled up. Demand zones are strong and 3914 zone is still irony. So if price pass and break 4024 area, there is potential to uptrend goes continuously. With analyzing the support and resistance zones, these scenarios are possible: Bearish scenario: If gold fails to reclaim the resistance zone (~4,000 +), and breaks below short-term support (~3,940), then a deeper retracement toward ~3,900 or lower becomes more likely. Bullish scenario: If gold holds above ~3,940-3,900 and the Fed or external shock triggers safe-haven flows, a move back toward ~4,050-4,100 is possible. Neutral to caution: Given the mixed signals (strong overall trend but short-term pullback), many traders may prefer to wait for confirmation (e.g., breakout above resistance or a clean bounce off support) rather than aggressively chase.
Disclaimer:
This content is for informational purposes only and does not constitute financial or investment advice. © DIBAPRISM
Amir D.Kohn
Pubblicazioni correlate
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.
Pubblicazioni correlate
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.