GOLD | Technical & Fundamental Overview
Gold surged to a record high above $4,420, driven by growing expectations of U.S. rate cuts next year and rising safe-haven demand amid heightened geopolitical tensions.
Markets are increasingly positioning for a looser U.S. monetary policy into 2026, which remains a strong supportive backdrop for non-yielding assets like gold.
The rally is also supported by continued central-bank purchases, steady inflows into gold-backed funds, and escalating geopolitical risks following renewed U.S. pressure on Venezuela.
Technically:
To maintain the bullish continuation, gold needs to close a 1H candle above 4420, which would open the way toward 4430 and 4445, with further extension toward 4460.
However, as long as the price trades below 4420, a short-term correction is likely:
First toward 4400
Then potentially toward 4379 – 4367
Pivot Line: 4420
Resistance: 4430, 4445, 4460
Support: 4400, 4380, 4368
Bias: Bullish above 4420; corrective below it.
Gold surged to a record high above $4,420, driven by growing expectations of U.S. rate cuts next year and rising safe-haven demand amid heightened geopolitical tensions.
Markets are increasingly positioning for a looser U.S. monetary policy into 2026, which remains a strong supportive backdrop for non-yielding assets like gold.
The rally is also supported by continued central-bank purchases, steady inflows into gold-backed funds, and escalating geopolitical risks following renewed U.S. pressure on Venezuela.
Technically:
To maintain the bullish continuation, gold needs to close a 1H candle above 4420, which would open the way toward 4430 and 4445, with further extension toward 4460.
However, as long as the price trades below 4420, a short-term correction is likely:
First toward 4400
Then potentially toward 4379 – 4367
Pivot Line: 4420
Resistance: 4430, 4445, 4460
Support: 4400, 4380, 4368
Bias: Bullish above 4420; corrective below it.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at:
• t.me/SM_News_24h
• t.me/Srosh_signals
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at:
• t.me/SM_News_24h
• t.me/Srosh_signals
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Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at:
• t.me/SM_News_24h
• t.me/Srosh_signals
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at:
• t.me/SM_News_24h
• t.me/Srosh_signals
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.