📈 Bullish Bias
✅ Breakout Above Trendline Resistance - Signals bullish momentum shift. (+2)
✅ FVG Retest Holding Support - Price finding support in Fair Value Gap zone. (+2)
✅ Higher Low (HL) Formation - Structure favors continued upside. (+1)
✅ Potential Targets: 2,955.25 and 3,000.00 - If resistance at 2,956.29 is cleared, further upside is likely. (+1)
🔹 Total Bullish Score: 6
📰 Sources:
Gold Price Momentum & Breakout - XTB
Gold Market Structure & FVG - IFC Markets
📉 Bearish Bias
✅ Key Resistance at 2,955.25 - If price fails to break this level, rejection may occur. (+2)
✅ Fib Retracement Support at 2,871.07 & 2,833.29 - A deeper pullback is possible before continuation. (+2)
✅ USD Strength on Fed Rate Speculation - A strong dollar may cap gains for gold. (+1)
🔻 Total Bearish Score: 5
📰 Sources:
USD Strength from Fed Policy - Bloomberg
Key Resistance & Market Reaction - RoboForex
📊 Sentiment & Market Factors
📈 Central Bank Gold Demand (+ Bullish) - Institutional buying remains strong. Source📉 Stronger USD Weighing on Gold (- Bearish) - Fed rate expectations limit gold upside. Source📈 Inflation Hedge Demand (+ Bullish) - Rising inflationary concerns supporting gold. Source
📌 Final Bias: Slightly Bullish (Score: 6 vs 5)
✅ Breakout Above Trendline Resistance - Signals bullish momentum shift. (+2)
✅ FVG Retest Holding Support - Price finding support in Fair Value Gap zone. (+2)
✅ Higher Low (HL) Formation - Structure favors continued upside. (+1)
✅ Potential Targets: 2,955.25 and 3,000.00 - If resistance at 2,956.29 is cleared, further upside is likely. (+1)
🔹 Total Bullish Score: 6
📰 Sources:
Gold Price Momentum & Breakout - XTB
Gold Market Structure & FVG - IFC Markets
📉 Bearish Bias
✅ Key Resistance at 2,955.25 - If price fails to break this level, rejection may occur. (+2)
✅ Fib Retracement Support at 2,871.07 & 2,833.29 - A deeper pullback is possible before continuation. (+2)
✅ USD Strength on Fed Rate Speculation - A strong dollar may cap gains for gold. (+1)
🔻 Total Bearish Score: 5
📰 Sources:
USD Strength from Fed Policy - Bloomberg
Key Resistance & Market Reaction - RoboForex
📊 Sentiment & Market Factors
📈 Central Bank Gold Demand (+ Bullish) - Institutional buying remains strong. Source📉 Stronger USD Weighing on Gold (- Bearish) - Fed rate expectations limit gold upside. Source📈 Inflation Hedge Demand (+ Bullish) - Rising inflationary concerns supporting gold. Source
📌 Final Bias: Slightly Bullish (Score: 6 vs 5)
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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.
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.