Gold firmed on Monday after touching a historic milestone last week, as geopolitical tensions, jitters about tariffs escalating trade frictions, and increased hopes of interest rate cuts from the U.S. Federal Reserve continued to fuel safe haven demand.
Gold continues to exhibit strong bullish momentum, reaching a new high and establishing resistance at 2,998. A breakout above this level would signal further upward movement, leading to a new high zone, with the next target set at 3,035.
A short correction may take place until the level of 2982.
Bullish target: 2,998, 3035.
Bearish target: 2982, 2955, 2935
Gold continues to exhibit strong bullish momentum, reaching a new high and establishing resistance at 2,998. A breakout above this level would signal further upward movement, leading to a new high zone, with the next target set at 3,035.
A short correction may take place until the level of 2982.
Bullish target: 2,998, 3035.
Bearish target: 2982, 2955, 2935
Trade active
Still, the price is continuing to attempt to break the last resistance of 2998, waiting to break this level to rise more.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.