Gold prices rebounded today from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the United States and its key trading partners lifted investor appetite for safe-haven assets also We should also remain mindful of any sudden statements by President Trump regarding taxes, as they could have a significant impact.
Technical Overview
Technically, the price has risen and is currently testing the resistance zone between 3014 and 3004. At present, it appears likely that a correction may occur, potentially bringing the price down to 3004 or even lower, to around 2994. Following this correction, the bullish trend is expected to resume, with the price aiming to stabilize above the resistance zone and potentially reach 3036 and the breakout line.
However, if a 4-hour candle closes below 3004, it would confirm a continuation of the bearish trend, with the price likely to move toward 2994 and possibly further down to 2981.
Key Levels:
Pivot Line: 3053
Support: 3004· 2994 · 2981
Resistance: 3014, 3036, 3053
Technical Overview
Technically, the price has risen and is currently testing the resistance zone between 3014 and 3004. At present, it appears likely that a correction may occur, potentially bringing the price down to 3004 or even lower, to around 2994. Following this correction, the bullish trend is expected to resume, with the price aiming to stabilize above the resistance zone and potentially reach 3036 and the breakout line.
However, if a 4-hour candle closes below 3004, it would confirm a continuation of the bearish trend, with the price likely to move toward 2994 and possibly further down to 2981.
Key Levels:
Pivot Line: 3053
Support: 3004· 2994 · 2981
Resistance: 3014, 3036, 3053
~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
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
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.