Hey traders!
Spot gold remains range-bound at elevated levels. The current pullback is a normal mid-bull-market correction—not a trend reversal.
Short-term bearish drivers:
(1) Sticky U.S. inflation has dampened rate-cut expectations, lifting the dollar and Treasury yields—pressuring gold;
(2) Profit-taking after the recent rally adds technical downside pressure.
Medium- to long-term bullish supports:
(1) Sustained central bank gold buying underpins prices;
(2) Unresolved Middle East tensions sustain safe-haven demand;
(3) Long-term monetary expansion and de-dollarization reinforce gold’s role as a value-preserving asset.
Technically, gold is consolidating between key levels: resistance at 4730, support at 4660, and critical support at 4610–4580. Trade swings: sell rallies near resistance, buy dips near support.
Tactical setup:
• Short 4710–4720 → target 4690–4670;
• Long 4670–4675 → stop below 4660.
Stay range-bound. Avoid chasing moves—whipsaws increase stop-out risk.
Spot gold remains range-bound at elevated levels. The current pullback is a normal mid-bull-market correction—not a trend reversal.
Short-term bearish drivers:
(1) Sticky U.S. inflation has dampened rate-cut expectations, lifting the dollar and Treasury yields—pressuring gold;
(2) Profit-taking after the recent rally adds technical downside pressure.
Medium- to long-term bullish supports:
(1) Sustained central bank gold buying underpins prices;
(2) Unresolved Middle East tensions sustain safe-haven demand;
(3) Long-term monetary expansion and de-dollarization reinforce gold’s role as a value-preserving asset.
Technically, gold is consolidating between key levels: resistance at 4730, support at 4660, and critical support at 4610–4580. Trade swings: sell rallies near resistance, buy dips near support.
Tactical setup:
• Short 4710–4720 → target 4690–4670;
• Long 4670–4675 → stop below 4660.
Stay range-bound. Avoid chasing moves—whipsaws increase stop-out risk.
Zlecenie aktywne
Gold just broke below the previous support level at 4550, and it's almost hitting the 4500 support floor. I've been warning over and over in my recent posts to watch out for a sharp drop in gold, and that's exactly what happened these past couple days!
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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.