Gold Market Update
Current Analysis for GOLD
Price: 2598.57
MACD:
MACD Line: 19.44
Signal Line: 17.42
Histogram: 6.23
200-Day Moving Average: 2695.36
RSI: 10.75 (neutral)
Trend and Fibonacci Levels
Overall Trend: Downtrend
Fibonacci Levels:
0%: 2787.25
23.6%: 2687.01
38.2%: 2624.99
50%: 2574.87
61.8%: 2524.75
100%: 2362.49
1.618 Extension: 3049.75
Price Ranges and Zones
Supply Zones: Notable ranges include 2569.99-2572.89 and 2594.85-2594.85, indicating potential resistance points.
Demand Zones: Key levels observed around 2584.75-2595.18 and 2601.96-2605.46, which may act as support.
Broader Market Signals
Gold Trend: Currently in a downtrend, with no strong buy or sell indication.
VIX: Bullish trend, signaling market volatility.
DXY (Dollar Index): Bearish trend, suggesting weakness in the dollar.
Summary Gold is holding near key levels with a neutral outlook. Watching for any shifts in RSI and MACD values, and monitoring Fibonacci support and resistance levels for potential movement signals.
Price: 2598.57
MACD:
MACD Line: 19.44
Signal Line: 17.42
Histogram: 6.23
200-Day Moving Average: 2695.36
RSI: 10.75 (neutral)
Trend and Fibonacci Levels
Overall Trend: Downtrend
Fibonacci Levels:
0%: 2787.25
23.6%: 2687.01
38.2%: 2624.99
50%: 2574.87
61.8%: 2524.75
100%: 2362.49
1.618 Extension: 3049.75
Price Ranges and Zones
Supply Zones: Notable ranges include 2569.99-2572.89 and 2594.85-2594.85, indicating potential resistance points.
Demand Zones: Key levels observed around 2584.75-2595.18 and 2601.96-2605.46, which may act as support.
Broader Market Signals
Gold Trend: Currently in a downtrend, with no strong buy or sell indication.
VIX: Bullish trend, signaling market volatility.
DXY (Dollar Index): Bearish trend, suggesting weakness in the dollar.
Summary Gold is holding near key levels with a neutral outlook. Watching for any shifts in RSI and MACD values, and monitoring Fibonacci support and resistance levels for potential movement signals.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.