Gold Hits Record High on Dollar Weakness & Trade Tensions
Fundamental Overview:
Gold surged to a new all-time high on Monday, supported by a weakening U.S. dollar and growing concerns over a global economic slowdown. Rising tensions between the U.S. and China have boosted demand for safe-haven assets like gold.
Technical Outlook:
Price is currently moving from 3395 to test support at 3376. A confirmed 1H or 4H candle close below 3376 could extend the bearish move toward 3352 and 3344.
However, if the price holds above 3376—especially with a 4H candle close above 3395—the bullish trend is likely to continue toward 3412 and 3427.
Pivot Level: 3395
Support Levels: 3376 / 3352 / 3344
Resistance Levels: 3412 / 3427 / 3444
Strategy Note:
Key zone: 3376 – 3395
Holding above = bullish momentum
Break below = short-term correction
Fundamental Overview:
Gold surged to a new all-time high on Monday, supported by a weakening U.S. dollar and growing concerns over a global economic slowdown. Rising tensions between the U.S. and China have boosted demand for safe-haven assets like gold.
Technical Outlook:
Price is currently moving from 3395 to test support at 3376. A confirmed 1H or 4H candle close below 3376 could extend the bearish move toward 3352 and 3344.
However, if the price holds above 3376—especially with a 4H candle close above 3395—the bullish trend is likely to continue toward 3412 and 3427.
Pivot Level: 3395
Support Levels: 3376 / 3352 / 3344
Resistance Levels: 3412 / 3427 / 3444
Strategy Note:
Key zone: 3376 – 3395
Holding above = bullish momentum
Break below = short-term correction
Trade active
Gold Hits Fresh Record High Above $3,500Gold 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: 3467 / 3478 / 3495 / 3547
~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.