Hello everyone, this is Domic.
During the Asian session, gold rebounded sharply from the 4.33x area to above 4.39x, signaling a clear return of defensive flows after news that the US launched a military operation in Venezuela and detained President Maduro. Although the military action itself has concluded, Washington’s announcement of a temporary takeover to stabilize the country and oversee oil production has kept geopolitical uncertainty in Latin America elevated. In this context, gold continues to be favored as a safe haven rather than higher-risk assets.
Another notable factor is crude oil pulling back toward the 57 USD/barrel area. This suggests the market is viewing the Venezuela situation primarily through a geopolitical risk lens rather than as an immediate threat to energy supply. Rising uncertainty without a corresponding spike in oil-driven inflation expectations creates a more supportive short-term backdrop for gold.
On the H4 timeframe, technical signals are turning more constructive. Price remains above the slower EMA and has reclaimed the faster EMA after the year-end pullback. In hindsight, the decline from the 4.55x area down to 4.28x appears corrective rather than distributive. The strong reaction from the demand zone and the ability to sustain the rebound indicate that buyers have regained short-term control, placing the market in a phase where the uptrend is being confirmed rather than challenged.
Wishing you all effective and successful trading!
During the Asian session, gold rebounded sharply from the 4.33x area to above 4.39x, signaling a clear return of defensive flows after news that the US launched a military operation in Venezuela and detained President Maduro. Although the military action itself has concluded, Washington’s announcement of a temporary takeover to stabilize the country and oversee oil production has kept geopolitical uncertainty in Latin America elevated. In this context, gold continues to be favored as a safe haven rather than higher-risk assets.
Another notable factor is crude oil pulling back toward the 57 USD/barrel area. This suggests the market is viewing the Venezuela situation primarily through a geopolitical risk lens rather than as an immediate threat to energy supply. Rising uncertainty without a corresponding spike in oil-driven inflation expectations creates a more supportive short-term backdrop for gold.
On the H4 timeframe, technical signals are turning more constructive. Price remains above the slower EMA and has reclaimed the faster EMA after the year-end pullback. In hindsight, the decline from the 4.55x area down to 4.28x appears corrective rather than distributive. The strong reaction from the demand zone and the ability to sustain the rebound indicate that buyers have regained short-term control, placing the market in a phase where the uptrend is being confirmed rather than challenged.
Wishing you all effective and successful trading!
Zlecenie aktywne
Uwaga
Price has reached TP1
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Join our group and unlock real-time Forex, gold, and crypto signals — sharp insights, fast alerts, and opportunities you don’t want to miss.
Join now: t.me/+dfxDTk_DRtg4Mzll
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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.