Gold Extends Its Rally, Caution Advised After Setting a New High
📊 Market Developments:
Gold prices continue to hold at elevated levels after setting a new all-time high at 4,630 USD/oz in the previous session. The bullish momentum is supported by expectations that the Fed will maintain an accommodative monetary policy, weakening U.S. bond yields, and sustained safe-haven demand. However, profit-taking pressure has emerged as prices failed to hold above the peak.
📉 Technical Analysis:
• Key Resistance:
– 4,615 – 4,630 (all-time high, strong supply zone)
– 4,650 – 4,670 (Fibonacci extension, psychological resistance)
• Nearest Support:
– 4,580 – 4,570 (short-term support, recent pullback low)
– 4,545 – 4,530 (strong support zone, dynamic EMA)
• EMA:
Price remains above EMA 09 → the primary trend is still bullish, but signs of overextension from the EMA are emerging.
• Candlestick / Volume / Momentum:
An upper-wick candlestick appeared near the 4,630 peak, while volume is gradually weakening → indicating slowing buying momentum and a higher probability of correction or consolidation before the next directional move.
📌 Outlook:
Gold may experience a short-term correction if it fails to break above the 4,615 – 4,630 zone, but the bullish trend remains intact as long as prices hold above 4,550.
________________________________________
💡 Proposed Trading Strategy:
🔻 SELL XAU/USD at: 4,667 – 4,670
🎯 TP: 40 / 80 / 200 pips
❌ SL: 4,674
🔺 BUY XAU/USD at: 4,575 – 4,572
🎯 TP: 40 / 80 / 200 pips
❌ SL: 4,568.5
Gold prices continue to hold at elevated levels after setting a new all-time high at 4,630 USD/oz in the previous session. The bullish momentum is supported by expectations that the Fed will maintain an accommodative monetary policy, weakening U.S. bond yields, and sustained safe-haven demand. However, profit-taking pressure has emerged as prices failed to hold above the peak.
📉 Technical Analysis:
• Key Resistance:
– 4,615 – 4,630 (all-time high, strong supply zone)
– 4,650 – 4,670 (Fibonacci extension, psychological resistance)
• Nearest Support:
– 4,580 – 4,570 (short-term support, recent pullback low)
– 4,545 – 4,530 (strong support zone, dynamic EMA)
• EMA:
Price remains above EMA 09 → the primary trend is still bullish, but signs of overextension from the EMA are emerging.
• Candlestick / Volume / Momentum:
An upper-wick candlestick appeared near the 4,630 peak, while volume is gradually weakening → indicating slowing buying momentum and a higher probability of correction or consolidation before the next directional move.
📌 Outlook:
Gold may experience a short-term correction if it fails to break above the 4,615 – 4,630 zone, but the bullish trend remains intact as long as prices hold above 4,550.
________________________________________
💡 Proposed Trading Strategy:
🔻 SELL XAU/USD at: 4,667 – 4,670
🎯 TP: 40 / 80 / 200 pips
❌ SL: 4,674
🔺 BUY XAU/USD at: 4,575 – 4,572
🎯 TP: 40 / 80 / 200 pips
❌ SL: 4,568.5
Dagangan aktif
Gold prices are rebounding from the 4570 support zone and may continue to rise to retest the 4600 area if buying momentum is maintained in the short term.Dagangan ditutup: sasaran tercapai
Gold is rebounding from support, but a decisive break above 4,600 is needed to confirm the continuation of the uptrend; otherwise, prices may continue to range between 4,575–4,600.
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📊 Forex | Gold | Crypto Market Insights
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.