📊 Market Developments:
Gold surged sharply and set a new all-time high at $3,697/oz. The main driver comes from expectations that the Fed may soon signal rate cuts, while investors seek gold as a safe haven amid geopolitical uncertainty.
📈 Technical Analysis:
• New Resistance: $3700 (psychological) – $3708 (Fibonacci extension).
• Nearby Support: $3690 – $3685 (previous ATH breakout zone).
• EMA 50 & 100 on H1: Both remain upward sloping, reinforcing the bullish trend.
• H1 Candle: Strong momentum, but a short pullback may occur around 3700.
🔎 Outlook:
The uptrend remains dominant; however, the $3700–$3708 zone is a key psychological barrier where short-term profit-taking may emerge. If price holds above $3685, the bullish momentum is likely to continue.
🎯 Suggested Trading Strategy:
• BUY (safe entry): 3691 – 3688, SL: 3685, TP: 40–80–200 pips.
• SELL short-term (scalping): Around 3700–3705 if H1 reversal candles appear, SL: 3710, TP: 30–60 pips.
Gold surged sharply and set a new all-time high at $3,697/oz. The main driver comes from expectations that the Fed may soon signal rate cuts, while investors seek gold as a safe haven amid geopolitical uncertainty.
📈 Technical Analysis:
• New Resistance: $3700 (psychological) – $3708 (Fibonacci extension).
• Nearby Support: $3690 – $3685 (previous ATH breakout zone).
• EMA 50 & 100 on H1: Both remain upward sloping, reinforcing the bullish trend.
• H1 Candle: Strong momentum, but a short pullback may occur around 3700.
🔎 Outlook:
The uptrend remains dominant; however, the $3700–$3708 zone is a key psychological barrier where short-term profit-taking may emerge. If price holds above $3685, the bullish momentum is likely to continue.
🎯 Suggested Trading Strategy:
• BUY (safe entry): 3691 – 3688, SL: 3685, TP: 40–80–200 pips.
• SELL short-term (scalping): Around 3700–3705 if H1 reversal candles appear, SL: 3710, TP: 30–60 pips.
Zlecenie aktywne
Gold price has reached a new ATH at 3700Transakcja zamknięta: osiągnięto wyznaczony cel
Gold remains biased to the upside in the medium term, but in the short term it may continue to correct and consolidate around 3680 before deciding whether to break above 3703 or fall below 3675
📊 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
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.
📊 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
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.