Technical Outlook Remains Weak; $4,600 Becomes a Critical Support Line
Although gold has staged a short-term rebound, a technical analysis suggests that its overall trend has not yet undergone a fundamental shift.
Currently, gold prices continue to trade below the 200-period Exponential Moving Average (currently at $4,809), indicating that medium-to-long-term downward pressure persists. The MACD indicator shows that the fast line has crossed below the slow line, with both lines situated below the zero axis; furthermore, the negative histogram continues to expand, signaling a gradual buildup of selling pressure. The Relative Strength Index (RSI) is currently hovering around 52; while this places it within the neutral zone, the retracement observed from overbought territory suggests that upward momentum is gradually waning.
The $4,600 level corresponds precisely to the 38.2% Fibonacci retracement level of the decline witnessed in March, endowing it with significant technical importance. Should gold successfully establish a firm foothold above this level, it may pave the way for a further technical recovery; however, a breach of this support could trigger a deeper price correction.
Although gold has staged a short-term rebound, a technical analysis suggests that its overall trend has not yet undergone a fundamental shift.
Currently, gold prices continue to trade below the 200-period Exponential Moving Average (currently at $4,809), indicating that medium-to-long-term downward pressure persists. The MACD indicator shows that the fast line has crossed below the slow line, with both lines situated below the zero axis; furthermore, the negative histogram continues to expand, signaling a gradual buildup of selling pressure. The Relative Strength Index (RSI) is currently hovering around 52; while this places it within the neutral zone, the retracement observed from overbought territory suggests that upward momentum is gradually waning.
The $4,600 level corresponds precisely to the 38.2% Fibonacci retracement level of the decline witnessed in March, endowing it with significant technical importance. Should gold successfully establish a firm foothold above this level, it may pave the way for a further technical recovery; however, a breach of this support could trigger a deeper price correction.
ノート
Despite a short-term rebound in gold, a technical analysis suggests that its overall trend has not yet undergone a fundamental shift.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。