GOLD | Technical & Fundamental Overview
Gold prices continue their upward trend, extending gains after reaching a new record high in the previous session.
Investor demand remains strong as markets price in future Fed rate cuts and ongoing geopolitical uncertainty, reinforcing gold’s role as a safe-haven asset.
Notably, gold has recorded more than 50 all-time highs this year, highlighting the strength of the underlying bullish trend.
Technical Outlook
Gold has reached our previously mentioned resistance target at 4515.
The bullish structure remains active, and the price may continue higher toward 4521 and 4540, especially if a 1H candle closes above the 4500 pivot level.
However, if the price trades below the 4490–4500 zone, a short-term corrective move toward 4472 is likely before the next directional move.
Key Levels
Pivot Line: 4500
Resistance: 4521, 4540, 4572
Support: 4474, 4460, 4438
Bias: Bullish above 4500; corrective below 4490–4500.
Gold prices continue their upward trend, extending gains after reaching a new record high in the previous session.
Investor demand remains strong as markets price in future Fed rate cuts and ongoing geopolitical uncertainty, reinforcing gold’s role as a safe-haven asset.
Notably, gold has recorded more than 50 all-time highs this year, highlighting the strength of the underlying bullish trend.
Technical Outlook
Gold has reached our previously mentioned resistance target at 4515.
The bullish structure remains active, and the price may continue higher toward 4521 and 4540, especially if a 1H candle closes above the 4500 pivot level.
However, if the price trades below the 4490–4500 zone, a short-term corrective move toward 4472 is likely before the next directional move.
Key Levels
Pivot Line: 4500
Resistance: 4521, 4540, 4572
Support: 4474, 4460, 4438
Bias: Bullish above 4500; corrective below 4490–4500.
Technical & Macro Market Analyst specializing in Gold, U.S. Indices, and Forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
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Technical & Macro Market Analyst specializing in Gold, U.S. Indices, and Forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.