Gold Hits Fresh Record High Above $3,500
Gold surged past $3,500 per ounce on Tuesday, setting a new all-time high as risk aversion intensified amid growing economic uncertainty.
On Monday, President Trump renewed his criticism of Fed Chair Powell, suggesting the possibility of removing him, while warning that the U.S. economy could slow unless interest rates are cut immediately. This fueled safe-haven demand, boosting gold prices sharply.
Technical Outlook:
Gold is currently undergoing a correction phase after failing to hold above the 3495 resistance level. Price is now expected to trade within the range of 3426 – 3467 until a breakout occurs.
In the short term, gold may test 3426, as the 1H candle volume shows bearish momentum.
A confirmed 1H or 4H candle close below 3426 could extend the correction toward 3393 and 3376.
Despite this correction, the overall trend remains bullish, as gold has rallied over $123 since yesterday.
Pivot: 3450
Support: 3426 / 3393 / 3376
Resistance: 3478 / 3495 / 3547
Gold surged past $3,500 per ounce on Tuesday, setting a new all-time high as risk aversion intensified amid growing economic uncertainty.
On Monday, President Trump renewed his criticism of Fed Chair Powell, suggesting the possibility of removing him, while warning that the U.S. economy could slow unless interest rates are cut immediately. This fueled safe-haven demand, boosting gold prices sharply.
Technical Outlook:
Gold is currently undergoing a correction phase after failing to hold above the 3495 resistance level. Price is now expected to trade within the range of 3426 – 3467 until a breakout occurs.
In the short term, gold may test 3426, as the 1H candle volume shows bearish momentum.
A confirmed 1H or 4H candle close below 3426 could extend the correction toward 3393 and 3376.
Despite this correction, the overall trend remains bullish, as gold has rallied over $123 since yesterday.
Pivot: 3450
Support: 3426 / 3393 / 3376
Resistance: 3478 / 3495 / 3547
Trade active
#GOLD Update
🔴Gold, dropping over $100 amid increased risk sentiment, especially after breaking our key support at 3376.
🔻The recent statement from President Zelensky, expressing Ukraine’s readiness for negotiations, eased some geopolitical tensions and further pressured gold as safe-haven demand softened.
➡️If gold reverses and stabilizes above 3344, we could see a retest toward 3376 before resuming the downtrend.
➡️However, the bearish momentum remains strong, with the next target at 3307.
A 1H candle close below 3307 would confirm further downside toward 3265 and 3239.
Timeframe 4h, 1h
current price 3333
~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.