Technical Analysis
Gold is currently trading around $3,109.652 and remains bullish on the 4-hour chart. The price action indicates an upward trending channel, consistently forming higher lows, which suggests continued bullish momentum.
Key confirmations for this bullish outlook
Trade Setup
Buy Entry: $3,109.652
Stop Loss: $3,065.739 (Below key support to limit downside risk)
Take Profit: $3,200.617 (Near psychological resistance and potential breakout point)
Fundamental Analysis
Gold remains well-supported due to recent macroeconomic and geopolitical factors:
US-China Trade Tensions
The recent tariff war escalation has increased demand for gold as a safe-haven asset. While US President Donald Trump announced a 90-day pause on most tariffs, China retaliated by imposing a 50% tariff on US imports. This uncertainty fuels risk-averse sentiment, supporting gold prices.
Federal Reserve’s Rate Policy
Traders expect multiple rate cuts by the Fed in 2025, keeping the US Dollar weaker and favoring gold.
However, higher tariffs could lead to inflation, making the Fed hesitant to cut rates aggressively.
CPI & Inflation Risks
Traders are closely watching upcoming US CPI data for inflation signals. If inflation remains elevated, gold may face some pullbacks, but overall demand remains strong.
Final Thoughts
Gold remains bullish, and this trade setup aligns with both technical confirmations and fundamental catalysts supporting further upside. If gold holds above $3,100, a move towards $3,167-$3,168 (previous highs) could be in play.
Gold is currently trading around $3,109.652 and remains bullish on the 4-hour chart. The price action indicates an upward trending channel, consistently forming higher lows, which suggests continued bullish momentum.
Key confirmations for this bullish outlook
- Uptrend intact – The 4H chart shows a clear uptrend.
- Higher lows – Gold has maintained a pattern of higher lows, reinforcing bullish momentum.
- Strong support at $3,065-$3,060 – This region aligns with the 200-period SMA, acting as a key support level.
- Resistance near $3,167-$3,168 – A potential test of the all-time peak could be in play.
Trade Setup
Buy Entry: $3,109.652
Stop Loss: $3,065.739 (Below key support to limit downside risk)
Take Profit: $3,200.617 (Near psychological resistance and potential breakout point)
Fundamental Analysis
Gold remains well-supported due to recent macroeconomic and geopolitical factors:
US-China Trade Tensions
The recent tariff war escalation has increased demand for gold as a safe-haven asset. While US President Donald Trump announced a 90-day pause on most tariffs, China retaliated by imposing a 50% tariff on US imports. This uncertainty fuels risk-averse sentiment, supporting gold prices.
Federal Reserve’s Rate Policy
Traders expect multiple rate cuts by the Fed in 2025, keeping the US Dollar weaker and favoring gold.
However, higher tariffs could lead to inflation, making the Fed hesitant to cut rates aggressively.
CPI & Inflation Risks
Traders are closely watching upcoming US CPI data for inflation signals. If inflation remains elevated, gold may face some pullbacks, but overall demand remains strong.
Final Thoughts
Gold remains bullish, and this trade setup aligns with both technical confirmations and fundamental catalysts supporting further upside. If gold holds above $3,100, a move towards $3,167-$3,168 (previous highs) could be in play.
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Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
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.
Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
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.