GOLD | Middle East Tensions Keep Pressure on Bullion
Gold extended its decline as renewed Middle East tensions supported expectations that inflation could remain elevated, reinforcing the higher-for-longer interest-rate outlook.
The market remains highly sensitive to geopolitical developments. Continued escalation may keep pressure on gold through inflation and rate expectations, while any clear de-escalation could support a stronger recovery.
Technical Analysis
Gold is currently consolidating between 4,062 and 4,076, awaiting a confirmed breakout.
A 1H candle close below 4,062 would support bearish continuation toward 4,052 and 4,033.
A break below 4,033 would expose the next downside target at 3,996.
However, stability above 4,076, especially with a confirmed 1H candle close, would support a bullish move toward 4,097 and 4,123.
In a clear de-escalation scenario, bullish momentum could extend toward 4,181.
Support: 4,062 – 4,033 – 3,996
Resistance: 4,097 – 4,123 – 4,181
Gold extended its decline as renewed Middle East tensions supported expectations that inflation could remain elevated, reinforcing the higher-for-longer interest-rate outlook.
The market remains highly sensitive to geopolitical developments. Continued escalation may keep pressure on gold through inflation and rate expectations, while any clear de-escalation could support a stronger recovery.
Technical Analysis
Gold is currently consolidating between 4,062 and 4,076, awaiting a confirmed breakout.
A 1H candle close below 4,062 would support bearish continuation toward 4,052 and 4,033.
A break below 4,033 would expose the next downside target at 3,996.
However, stability above 4,076, especially with a confirmed 1H candle close, would support a bullish move toward 4,097 and 4,123.
In a clear de-escalation scenario, bullish momentum could extend toward 4,181.
Support: 4,062 – 4,033 – 3,996
Resistance: 4,097 – 4,123 – 4,181
İşlem aktif
Profit Over 700 pip and 1.70%İşlem kapandı: hedefe ulaştı
GOLD | CPI and Fed Testimony to Drive the Next MoveGold recovered slightly after touching a two-week low as investors await today's U.S. CPI report and Fed Chair Kevin Warsh's congressional testimony, both expected to create strong volatility.
Technically
The price dropped around $85 exactly as we mentioned in our previous idea, respecting the bearish scenario.
Now, as long as price trades below 4033, bearish momentum remains valid toward 4015, and a break below that level could extend the decline toward 3992.
If the price can stabilize below 3992, the bearish trend is expected to continue toward 3960.
However, a break above 4033 would support a bullish correction toward 4062 and 4075.
Today's CPI will be the key market catalyst:
Below the expected 3.8%: Bullish for Gold.
Above 3.8%: Bearish for Gold.
Pivot Line: 4033
Support: 4015 – 3992 – 3960
Resistance: 4062 – 4075 – 4097
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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.