Gold begins the week on a positive note, supported by:
U.S. inflation coming in lower than expected, raising expectations that the Fed will cut interest rates in the coming months.
Tensions between Israel and Iran, which are driving safe-haven flows into gold.
On the H4 chart, the price is pulling back toward the $3,397 support zone, which aligns with both the EMA and a previous accumulation area. The current structure suggests a potential W-shaped reversal pattern, which could propel gold toward the $3,501 resistance level.
Main strategy: Look for buy setups around $3,397 upon bullish confirmation.
Target: $3,500
Stop loss: Below $3,380
Gold remains in an uptrend. The $3,397 zone is the key level that could trigger the next upward move.
U.S. inflation coming in lower than expected, raising expectations that the Fed will cut interest rates in the coming months.
Tensions between Israel and Iran, which are driving safe-haven flows into gold.
On the H4 chart, the price is pulling back toward the $3,397 support zone, which aligns with both the EMA and a previous accumulation area. The current structure suggests a potential W-shaped reversal pattern, which could propel gold toward the $3,501 resistance level.
Main strategy: Look for buy setups around $3,397 upon bullish confirmation.
Target: $3,500
Stop loss: Below $3,380
Gold remains in an uptrend. The $3,397 zone is the key level that could trigger the next upward move.
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📍 Accurate, verified technical analysis
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Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.