Gold Surges to Fresh Record
Gold extended its rally toward the $3,200 per ounce mark on Friday, hitting a new all-time high, supported by a weaker US dollar and increased demand for safe-haven assets amid escalating US-China trade tensions.
Technical Overview:
The price reached our previously mentioned target of 3191, broke through, and printed a new historical high at 3237.
Currently, as long as the price trades below 3219, a short-term correction toward 3191 is likely before starting a new bullish rally toward 3263.
However, a 1H or 4H candle close below 3191 will signal a bearish correction, targeting 3151.
Pivot Line: 3219
Support Levels: 3191 – 3151 – 3134
Resistance Levels: 3237 – 3263 – 3287
Gold extended its rally toward the $3,200 per ounce mark on Friday, hitting a new all-time high, supported by a weaker US dollar and increased demand for safe-haven assets amid escalating US-China trade tensions.
Technical Overview:
The price reached our previously mentioned target of 3191, broke through, and printed a new historical high at 3237.
Currently, as long as the price trades below 3219, a short-term correction toward 3191 is likely before starting a new bullish rally toward 3263.
However, a 1H or 4H candle close below 3191 will signal a bearish correction, targeting 3151.
Pivot Line: 3219
Support Levels: 3191 – 3151 – 3134
Resistance Levels: 3237 – 3263 – 3287
~6 analyses per day. With a clear Entry, Target, and stop-out Point
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
Related publications
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.
~6 analyses per day. With a clear Entry, Target, and stop-out Point
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
Related publications
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.