Current Price: Gold is trading around $3,015.66 per ounce, reflecting a modest increase of 0.1%.
🔍 Technical Analysis
Support and Resistance Levels:
Support: The key psychological level at $3,000 has acted as a strong support, with prices stabilizing above this mark after a recent pullback.
Resistance: Immediate resistance is observed around $3,040, aligning with recent intraday highs.
Moving Averages:
The 50-period Simple Moving Average (SMA) has provided support, indicating a continuation of the bullish trend.
Stochastic Oscillator:
The Stochastic indicator shows positive signals after forming a divergence, suggesting potential upward momentum.
🔍 Technical Analysis
Support and Resistance Levels:
Support: The key psychological level at $3,000 has acted as a strong support, with prices stabilizing above this mark after a recent pullback.
Resistance: Immediate resistance is observed around $3,040, aligning with recent intraday highs.
Moving Averages:
The 50-period Simple Moving Average (SMA) has provided support, indicating a continuation of the bullish trend.
Stochastic Oscillator:
The Stochastic indicator shows positive signals after forming a divergence, suggesting potential upward momentum.
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.