GOLD | Worst Quarter Since 2013 Keeps Bears in Control
Fundamental:
Gold is heading for its worst quarterly performance since 2013, with prices on track to lose nearly 13% as investors continue to favor the U.S. dollar and higher-yielding assets.
The main driver remains expectations that the Federal Reserve will keep interest rates higher for longer.
According to the CME FedWatch Tool, markets are pricing in three Fed rate hikes this year, with more than a 60% probability of a September hike.
At the same time, easing energy prices and improving geopolitical sentiment have reduced demand for gold's traditional safe-haven appeal, leaving the metal under sustained pressure.
Technically
The market remains inside a bearish structure while trading below the 4,026 resistance.
As long as the price remains below 4,026, bearish momentum is expected to continue toward 3,987.
A break below 3,987 would expose the next downside targets at 3,921 and 3,875.
However, a confirmed 4H candle close above 4,028 would invalidate the immediate bearish outlook and support a recovery toward 4,062 and 4,094.
A sustained breakout above 4,094 would open the door for a broader bullish recovery toward 4,225 and 4,364.
Pivot: 4,026
Support: 3,987 – 3,921 – 3,875
Resistance: 4,062 – 4,094 – 4,200
Fundamental:
Gold is heading for its worst quarterly performance since 2013, with prices on track to lose nearly 13% as investors continue to favor the U.S. dollar and higher-yielding assets.
The main driver remains expectations that the Federal Reserve will keep interest rates higher for longer.
According to the CME FedWatch Tool, markets are pricing in three Fed rate hikes this year, with more than a 60% probability of a September hike.
At the same time, easing energy prices and improving geopolitical sentiment have reduced demand for gold's traditional safe-haven appeal, leaving the metal under sustained pressure.
Technically
The market remains inside a bearish structure while trading below the 4,026 resistance.
As long as the price remains below 4,026, bearish momentum is expected to continue toward 3,987.
A break below 3,987 would expose the next downside targets at 3,921 and 3,875.
However, a confirmed 4H candle close above 4,028 would invalidate the immediate bearish outlook and support a recovery toward 4,062 and 4,094.
A sustained breakout above 4,094 would open the door for a broader bullish recovery toward 4,225 and 4,364.
Pivot: 4,026
Support: 3,987 – 3,921 – 3,875
Resistance: 4,062 – 4,094 – 4,200
การซื้อขายยังคงดำเนินอยู่
GOLD | Higher Treasury Yields Keep Bears in Control🟠 Gold extended its decline on Tuesday as rising U.S. Treasury yields and expectations of further Federal Reserve rate hikes continued to pressure the precious metal.
🟠 Markets remain focused on the Fed's restrictive policy outlook, with investors favoring yield-bearing assets over non-yielding gold. ⏰ As long as interest rate expectations remain elevated, gold is likely to stay under selling pressure despite ongoing geopolitical uncertainty.
🕯 Technically
The price dropped around 2.5%, or nearly $90 per ounce, exactly from the resistance area highlighted in our previous analysis.
➡️ The market remains inside a bearish structure and is now approaching our final downside target at 3,921 while trading below 4008.
• A confirmed 1H candle close below 3,921 would strengthen the bearish momentum and expose the next downside target at 3,880.
However, if buyers manage to stabilize above 3,988 by a 1H candle close, a short-term bullish correction could develop toward 4,008 and 4,045.
Overall, the bearish trend remains dominant while the price trades below the 3,988 - 4,008 resistance zone.
• Support: 3,950 – 3,921 – 3,880
• Resistance: 4,045 – 4,088 – 4,123
Technical & Macro Market Analyst specializing in Gold, U.S. 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 & Macro Market Analyst specializing in Gold, U.S. 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
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน