Spot gold prices broke through the $3,400/ounce mark, reaching an intraday high of $3,407.73/ounce, setting a new record, with a daily increase of 2.25%. The sharp rise in gold prices was mainly dragged down by the US dollar index (DXY) falling to a three-year low of around 98.00, and the market's concerns about the global economic outlook and US policy uncertainty have intensified. Trump's tariff remarks have triggered a rise in market risk aversion, and doubts about the independence of the Federal Reserve have further weakened the attractiveness of the US dollar, driving a surge in demand for gold as a safe-haven asset. The following is an in-depth analysis of the driving factors of gold prices from a fundamental and technical perspective, and looks forward to future trends.
From a technical perspective, key technical indicators further confirm the strength of gold prices. The short-term to long-term exponential moving averages (EMAs) are all tilted upward, indicating that the bullish trend is stable. The possibility of continuing the upward trend in the short term is high. If gold prices stabilize above $3,400, it is expected to further challenge the integer mark of $3,500. However, the RSI overbought signal indicates the risk of a short-term pullback, and the support level of $3,245/oz will become a key observation point.
If you don’t know when to enter the market, the real-time and accurate signals are updated and verified by the Baker Bitcoin Gold Trading Center every day.
XAUUSD XAUUSD GOLD GOLD XAUUSD XAUUSD XAUUSD XAUUSD
From a technical perspective, key technical indicators further confirm the strength of gold prices. The short-term to long-term exponential moving averages (EMAs) are all tilted upward, indicating that the bullish trend is stable. The possibility of continuing the upward trend in the short term is high. If gold prices stabilize above $3,400, it is expected to further challenge the integer mark of $3,500. However, the RSI overbought signal indicates the risk of a short-term pullback, and the support level of $3,245/oz will become a key observation point.
If you don’t know when to enter the market, the real-time and accurate signals are updated and verified by the Baker Bitcoin Gold Trading Center every day.
XAUUSD XAUUSD GOLD GOLD XAUUSD XAUUSD XAUUSD XAUUSD 
🎁Stable weekly profit exceeds 231.8%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
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.
🎁Stable weekly profit exceeds 231.8%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
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.