Gold prices rebounded slightly in the Asian session on Wednesday, benefiting from the safe-haven demand brought about by trade uncertainty and weakening risk sentiment. Although the Fed's high interest rate expectations have made the dollar strong and suppressed the rebound momentum of gold prices, inflation concerns caused by Trump's tariff policy have caused the market to reassess the Fed's policy path. Technically, gold prices have received support near the 100-period moving average and stabilized above $3,320, attracting some bargain-hunting buyers to enter the market in the short term or waiting for PPI data and speeches by Fed officials to provide direction.
From the 4-hour chart, gold prices received support near the 100-period SMA (about $3,320) on Tuesday, stopping the decline from the three-week high. In the short term, if it can stand above the 3342-3343 resistance band, it may test the 3365-3366 area again, with a further target of the 3,400-dollar integer mark.
However, it is worth noting that momentum indicators such as MACD and RSI have not yet fully formed a clear bullish signal, reflecting that the current upward momentum is still limited. If the gold price falls below the $3,320 support, it may drop to the 3,300 mark, further test the support area of 3,283-3,272, and even the possibility of a retracement to the July low of $3,247 is not ruled out.
It is difficult to grasp the buying opportunity, follow or leave a message to view the latest real-time trading signals.
XAUUSD GOLD XAUUSD GOLD XAUUSD XAUUSD XAUUSD
From the 4-hour chart, gold prices received support near the 100-period SMA (about $3,320) on Tuesday, stopping the decline from the three-week high. In the short term, if it can stand above the 3342-3343 resistance band, it may test the 3365-3366 area again, with a further target of the 3,400-dollar integer mark.
However, it is worth noting that momentum indicators such as MACD and RSI have not yet fully formed a clear bullish signal, reflecting that the current upward momentum is still limited. If the gold price falls below the $3,320 support, it may drop to the 3,300 mark, further test the support area of 3,283-3,272, and even the possibility of a retracement to the July low of $3,247 is not ruled out.
It is difficult to grasp the buying opportunity, follow or leave a message to view the latest real-time trading signals.
XAUUSD GOLD XAUUSD GOLD XAUUSD XAUUSD XAUUSD Note
Gold is developing as the trend in the analysis. After hitting the resistance of 3343, the price of gold began to retreat rapidly and has now fallen by $22/ounce. Real-time trading has won again.Note
Gold reached the precise resistance level, with a retracement target of $30/ounceNote
The target of this plan is in progress, and it is difficult to grasp the timing of buying. Please follow or leave a message to view the latest real-time trading signals.Note
Gold did not break through the 3343 resistance level, resulting in a rapid retracement to the 3320 support level, a drop of 23 USD/oz. The expected signal was confirmed again.Note
Gold long and short trading signals are accurately realizedGold touched the 3320 support and rebounded, rising by 22 US dollars per ounce. The long and short trading signals are completely accurate and consistent. Real-time members have once again made huge profits.
Note
The price quickly rebounded to above 3368, up 46 USD/oz. The long and short trading signals were completely accurate and consistent.
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Good at solving all trading problems, doubling the account in a week, and making a stable profit of 300% in a month
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
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.