Gold prices have currently stabilized above 4100, but the prevailing trend resembles a pause following an oversold rebound rather than the start of a trend reversal.
During the Asian session, gold traded within a narrow range of 4114–4131. Technical indicators present conflicting signals: bullish factors include the price holding above 4100 and the 50-day EMA, alongside a weakening DXY index. On the bearish side, the RSI has entered overbought territory and the 20-day EMA is still declining—indicating that the current movement is merely a rebound correction during a downtrend rather than a reversal.
In the short term, gold is most likely to oscillate between 4100 and 4140, with a potential retest of the 4100 support level. If the US-Iran negotiations make progress on July 11, the safe-haven premium will be further reduced, and gold prices may briefly fall below 4100. However, the EMA50 dynamic support at 4060-4070 is strong, and a break below it would require additional negative catalysts.
Short-term trading suggestion: short at around 4140, with a target of 4115-4100.
During the Asian session, gold traded within a narrow range of 4114–4131. Technical indicators present conflicting signals: bullish factors include the price holding above 4100 and the 50-day EMA, alongside a weakening DXY index. On the bearish side, the RSI has entered overbought territory and the 20-day EMA is still declining—indicating that the current movement is merely a rebound correction during a downtrend rather than a reversal.
In the short term, gold is most likely to oscillate between 4100 and 4140, with a potential retest of the 4100 support level. If the US-Iran negotiations make progress on July 11, the safe-haven premium will be further reduced, and gold prices may briefly fall below 4100. However, the EMA50 dynamic support at 4060-4070 is strong, and a break below it would require additional negative catalysts.
Short-term trading suggestion: short at around 4140, with a target of 4115-4100.
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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.