Good day,
The overall trend of XAUUSD on the 4-hour timeframe currently appears bearish. This is supported by recent price action where gold is pushing up toward previous day highs, likely setting up for a bearish pullback to test resistance levels.
Key Price Levels and Targets
Resistance and Pullback Setup: The price is approaching resistance near recent highs, a supply area that may trigger a bearish pullback if the upside momentum weakens.
Estimated Price Targets:
Immediate targets on the downside are 3,195.896 and 3,130.847, which align with intermediate support levels.
A more extended bearish bias targets 3,010.225, potentially reaching as low as 2,942.672, which corresponds to deeper support zones.
Fundamental Highlights:
The recent easing of tariff tensions and a stronger US dollar have reduced safe-haven demand for gold, contributing to the bearish outlook.
The Federal Reserve’s cautious stance on interest rates and inflation risks adds complexity; while hawkish signals can pressure gold prices, any potential rate cuts later in 2025 could provide support.
Geopolitical risks remain a wildcard: escalation could boost gold’s safe-haven appeal, while easing tensions may further weigh on prices.
Happy Trading,
K.
Not trading advice.
The overall trend of XAUUSD on the 4-hour timeframe currently appears bearish. This is supported by recent price action where gold is pushing up toward previous day highs, likely setting up for a bearish pullback to test resistance levels.
Key Price Levels and Targets
Resistance and Pullback Setup: The price is approaching resistance near recent highs, a supply area that may trigger a bearish pullback if the upside momentum weakens.
Estimated Price Targets:
Immediate targets on the downside are 3,195.896 and 3,130.847, which align with intermediate support levels.
A more extended bearish bias targets 3,010.225, potentially reaching as low as 2,942.672, which corresponds to deeper support zones.
Fundamental Highlights:
The recent easing of tariff tensions and a stronger US dollar have reduced safe-haven demand for gold, contributing to the bearish outlook.
The Federal Reserve’s cautious stance on interest rates and inflation risks adds complexity; while hawkish signals can pressure gold prices, any potential rate cuts later in 2025 could provide support.
Geopolitical risks remain a wildcard: escalation could boost gold’s safe-haven appeal, while easing tensions may further weigh on prices.
Happy Trading,
K.
Not trading advice.
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.
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.