🔺Related Information: (XAU/USD)
Over the weekend, US military forces struck all strategic installations on Kharg Island, a vital center for Iran’s oil exports. In response, Tehran warned that it could launch retaliatory attacks against oil infrastructure associated with the United States across the region.
While geopolitical conflicts typically support higher Gold prices, the latest escalation has instead pushed crude oil prices sharply higher. The surge in energy costs has intensified inflation worries and prompted investors to anticipate that the Federal Reserve (Fed) may postpone any plans to lower interest rates. Such expectations tend to weigh on non-interest-bearing assets like Gold.
In addition to the Fed, several other major central banks—including the Reserve Bank of Australia (RBA), the Bank of Japan (BoJ), the European Central Bank (ECB), and the Bank of England (BoE)—are set to deliver their policy decisions this week. Most of them are widely expected to keep borrowing costs steady, while the RBA is seen as the only institution likely to implement another rate hike.
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📌 Chart analysis:
🔗 Short-term timeframes: M15, M45, H1
On the M15 chart, gold prices are consolidating below the 5030 resistance level.
Selling pressure persists, partly breaking the M15 trend.
Moving sideways along the EMA, the short-term moving average, and down.
🔗 Medium-term timeframes: H2, H4
H4 forms a decreasing structure: bOS 5070
Key zones:
🔗 Supply zone (resistance): 5030, 5070
🔗 Demand zone (support): 4968
🔗 Three EMA moving averages; technical indicators: stochastic, volume
set up signal : 🔗 SELL XAU 5070 - 5075 stoploss: 5080
Take profit : 5050 - 5022 - 4990
🔜🔜🔜🔜🔜🔜🔜🔜🔜🔜
✏️ Personal opinion:
The bears are putting downward pressure on the market, with gold prices consolidating and moving below 5000.
📥 Follow us for the most accurate gold price trends.
Over the weekend, US military forces struck all strategic installations on Kharg Island, a vital center for Iran’s oil exports. In response, Tehran warned that it could launch retaliatory attacks against oil infrastructure associated with the United States across the region.
While geopolitical conflicts typically support higher Gold prices, the latest escalation has instead pushed crude oil prices sharply higher. The surge in energy costs has intensified inflation worries and prompted investors to anticipate that the Federal Reserve (Fed) may postpone any plans to lower interest rates. Such expectations tend to weigh on non-interest-bearing assets like Gold.
In addition to the Fed, several other major central banks—including the Reserve Bank of Australia (RBA), the Bank of Japan (BoJ), the European Central Bank (ECB), and the Bank of England (BoE)—are set to deliver their policy decisions this week. Most of them are widely expected to keep borrowing costs steady, while the RBA is seen as the only institution likely to implement another rate hike.
🔜🔜🔜🔜🔜🔜🔜🔜🔜🔜
📌 Chart analysis:
🔗 Short-term timeframes: M15, M45, H1
On the M15 chart, gold prices are consolidating below the 5030 resistance level.
Selling pressure persists, partly breaking the M15 trend.
Moving sideways along the EMA, the short-term moving average, and down.
🔗 Medium-term timeframes: H2, H4
H4 forms a decreasing structure: bOS 5070
Key zones:
🔗 Supply zone (resistance): 5030, 5070
🔗 Demand zone (support): 4968
🔗 Three EMA moving averages; technical indicators: stochastic, volume
set up signal : 🔗 SELL XAU 5070 - 5075 stoploss: 5080
Take profit : 5050 - 5022 - 4990
🔜🔜🔜🔜🔜🔜🔜🔜🔜🔜
✏️ Personal opinion:
The bears are putting downward pressure on the market, with gold prices consolidating and moving below 5000.
📥 Follow us for the most accurate gold price trends.
İşlem aktif
Gold has rebounded back to the 5030 resistance level.
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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.
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.