Gold finished Friday with a strong bullish move, with price reclaiming the MA50. The key resistance to watch now sits at 5202, which is also aligned with the MA200 and may act as dynamic resistance.
For bulls to maintain momentum, we would need to see a confirmed break above 5202, which could open the path toward 5321.
On the downside, 5077 is the immediate support level. However, the MA50, together with minor support around 5129, may provide support first and allow another attempt at the 5202 resistance.
If 5077 fails to hold, we could see a deeper retracement into the lower support zones, where buyers may look to step back in.
📌 Key levels to watch:
Resistance:
5202 (key level)
5266
5321
5422
Support:
5129
5077 (Immediate support)
4961
4847
👉Let the key levels guide the next move and wait for confirmation.
🔍Fundamental focus:
Geopolitical developments remain a key driver for gold. Markets will also be watching the U.S. Core Consumer Price Index (Core CPI) release on Wednesday, which could introduce additional volatility depending on how inflation data comes in.
For bulls to maintain momentum, we would need to see a confirmed break above 5202, which could open the path toward 5321.
On the downside, 5077 is the immediate support level. However, the MA50, together with minor support around 5129, may provide support first and allow another attempt at the 5202 resistance.
If 5077 fails to hold, we could see a deeper retracement into the lower support zones, where buyers may look to step back in.
📌 Key levels to watch:
Resistance:
5202 (key level)
5266
5321
5422
Support:
5129
5077 (Immediate support)
4961
4847
👉Let the key levels guide the next move and wait for confirmation.
🔍Fundamental focus:
Geopolitical developments remain a key driver for gold. Markets will also be watching the U.S. Core Consumer Price Index (Core CPI) release on Wednesday, which could introduce additional volatility depending on how inflation data comes in.
🟡 Free Telegram: t.me/SheTradesGold1
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
🟡 Free Telegram: t.me/SheTradesGold1
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.