Gold is trading near $4,055, still below the daily downtrend line and below the key retracement cluster above $4,100. The metal has bounced from the lower-low area, but the rebound has not yet repaired the broader bearish structure.
The next support levels are $4,023, then $4,000 and $3,926.
Resistance sits at $4,100, $4,160, $4,203 and $4,245.
A move back above $4,160 would be the first real sign that sellers are losing control. Until then, rallies remain corrective.
The issue for gold is not the absence of risk. It is the strength of dollar cash. When markets still believe the Fed can keep policy tight, non-yielding protection becomes less attractive.
Gold needs two things together, lower yields and a softer dollar. At the moment, it only has partial yield relief.
The next support levels are $4,023, then $4,000 and $3,926.
Resistance sits at $4,100, $4,160, $4,203 and $4,245.
A move back above $4,160 would be the first real sign that sellers are losing control. Until then, rallies remain corrective.
The issue for gold is not the absence of risk. It is the strength of dollar cash. When markets still believe the Fed can keep policy tight, non-yielding protection becomes less attractive.
Gold needs two things together, lower yields and a softer dollar. At the moment, it only has partial yield relief.
#Errante Market Insights
Trade smarter. Stay informed.
CFDs are complex instruments and involve a high risk of loss.
Trade smarter. Stay informed.
CFDs are complex instruments and involve a high risk of loss.
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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。