Fundamental Analysis:
Gold maintains bullish momentum supported by expectations of a Fed rate pause and increased demand for safe-haven assets amid geopolitical tensions and potential economic slowdown. A weaker dollar and strong central bank purchases continue to support prices.
Technical Analysis (1H Chart):
Current Trend: Corrective upward
Current Price: 3204
Nearest Resistance: 3235 — A strong candle close above this level may lead to a move toward 3276
Nearest Support: 3195 — A break below this level could trigger a pullback toward 3160
Key Level to Watch: Holding above 3205 supports short-term bullish continuation
Outlook: Mild bullish bias unless reversal candles appear or key support breaks
Gold maintains bullish momentum supported by expectations of a Fed rate pause and increased demand for safe-haven assets amid geopolitical tensions and potential economic slowdown. A weaker dollar and strong central bank purchases continue to support prices.
Technical Analysis (1H Chart):
Current Trend: Corrective upward
Current Price: 3204
Nearest Resistance: 3235 — A strong candle close above this level may lead to a move toward 3276
Nearest Support: 3195 — A break below this level could trigger a pullback toward 3160
Key Level to Watch: Holding above 3205 supports short-term bullish continuation
Outlook: Mild bullish bias unless reversal candles appear or key support breaks
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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.