📉 Technical Analysis (Short-Term):
Gold is in a strong uptrend.
Key resistance at $3250; breakout targets $3275+.
Support at $3215; a break below may lead to $3190–$3200.
Indicators (RSI & MACD) show strong momentum but slight pullback risk.
🧠 Fundamental Analysis:
Weak USD and expectations of Fed rate cuts support gold.
Global trade tensions increase safe haven demand.
Central banks and ETFs continue to accumulate gold.
💬 Sentiment Analysis:
Market is buying dips aggressively.
Confidence is high due to macro uncertainty.
Traders are watching $3250 breakout as a trigger for further upside.
Gold is in a strong uptrend.
Key resistance at $3250; breakout targets $3275+.
Support at $3215; a break below may lead to $3190–$3200.
Indicators (RSI & MACD) show strong momentum but slight pullback risk.
🧠 Fundamental Analysis:
Weak USD and expectations of Fed rate cuts support gold.
Global trade tensions increase safe haven demand.
Central banks and ETFs continue to accumulate gold.
💬 Sentiment Analysis:
Market is buying dips aggressively.
Confidence is high due to macro uncertainty.
Traders are watching $3250 breakout as a trigger for further upside.
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.
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.