While gold continues to hover within a tight trading channel for the sixth consecutive week, a major macroeconomic alarm has just been sounded — Goldman Sachs has flagged rising concerns over the trajectory of US debt. For Indian market participants, this could mark a turning point worth close attention...
🌐 MACRO PERSPECTIVE: US DEBT REACHING UNSUSTAINABLE LEVELS
America’s fiscal landscape is approaching a critical threshold. The national debt is projected to exceed previous wartime levels, and interest payments alone may cross $1 trillion by 2025 — eclipsing even core sectors like defense and healthcare.
Goldman Sachs has raised concerns that if no corrective fiscal steps are taken soon, the US could be forced into abrupt austerity measures — possibly shrinking GDP without significantly reducing the debt burden.
Key drivers: unchecked government expenditure, surging borrowing costs, and ongoing political polarization.
📌 For Indian gold traders, such economic vulnerability tends to weigh on the US dollar, fueling renewed interest in gold as both a safe haven and a strategic inflation hedge — assets long favored by Indian investors.
📉 TECHNICAL INSIGHT (M30/H1 UPDATE)
Price action on gold continues to respect a defined descending channel. The zone near 3,338.422 serves as a short-term pivot, while resistance looms at the upper channel line near 3,368.048.
The EMA ribbon alignment is pointing downward, reinforcing bearish momentum in the short term.
Should price fail to breach 3,368, we anticipate a retracement toward the Fair Value Gap (FVG) around 3,325.783, potentially extending deeper to the 3,309.256 zone.
✅ ACTIVE TRADING LEVELS
🟢 Buy Zone: 3310 – 3308
Stop: 3303
Targets: 3314 → 3318 → 3322 → 3326 → 3330 → 3340 → 3350 → 3360 → ...
🟢 Buy Scalp: 3325 – 3323
Stop: 3318
Targets: 3330 → 3334 → 3338 → 3342 → 3346 → 3350 → 3360 → 3370 → ...
🔴 Sell Zone: 3418 – 3420
Stop: 3424
Targets: 3414 → 3410 → 3405 → 3400 → 3396 → 3390 → 3385 → 3380
🔴 Sell Scalp: 3396 – 3398
Stop: 3403
Targets: 3392 → 3388 → 3384 → 3380 → 3375 → 3370
💬 INDIAN TRADERS – KEY TAKEAWAYS
As the week draws to a close, post-holiday volatility from the US market may introduce unexpected price moves. Be prepared for sudden spikes that could signal either a clean breakout or a smart money trap.
✅ Maintain discipline with your stop-loss and take-profit levels. Don’t chase the market — let it confirm your strategy. Gold remains technically bearish, but any fundamental catalyst — especially from US fiscal instability — could reverse the trend sharply.
Stay ready. Stay smart. Let the charts lead the way.
🌐 MACRO PERSPECTIVE: US DEBT REACHING UNSUSTAINABLE LEVELS
America’s fiscal landscape is approaching a critical threshold. The national debt is projected to exceed previous wartime levels, and interest payments alone may cross $1 trillion by 2025 — eclipsing even core sectors like defense and healthcare.
Goldman Sachs has raised concerns that if no corrective fiscal steps are taken soon, the US could be forced into abrupt austerity measures — possibly shrinking GDP without significantly reducing the debt burden.
Key drivers: unchecked government expenditure, surging borrowing costs, and ongoing political polarization.
📌 For Indian gold traders, such economic vulnerability tends to weigh on the US dollar, fueling renewed interest in gold as both a safe haven and a strategic inflation hedge — assets long favored by Indian investors.
📉 TECHNICAL INSIGHT (M30/H1 UPDATE)
Price action on gold continues to respect a defined descending channel. The zone near 3,338.422 serves as a short-term pivot, while resistance looms at the upper channel line near 3,368.048.
The EMA ribbon alignment is pointing downward, reinforcing bearish momentum in the short term.
Should price fail to breach 3,368, we anticipate a retracement toward the Fair Value Gap (FVG) around 3,325.783, potentially extending deeper to the 3,309.256 zone.
✅ ACTIVE TRADING LEVELS
🟢 Buy Zone: 3310 – 3308
Stop: 3303
Targets: 3314 → 3318 → 3322 → 3326 → 3330 → 3340 → 3350 → 3360 → ...
🟢 Buy Scalp: 3325 – 3323
Stop: 3318
Targets: 3330 → 3334 → 3338 → 3342 → 3346 → 3350 → 3360 → 3370 → ...
🔴 Sell Zone: 3418 – 3420
Stop: 3424
Targets: 3414 → 3410 → 3405 → 3400 → 3396 → 3390 → 3385 → 3380
🔴 Sell Scalp: 3396 – 3398
Stop: 3403
Targets: 3392 → 3388 → 3384 → 3380 → 3375 → 3370
💬 INDIAN TRADERS – KEY TAKEAWAYS
As the week draws to a close, post-holiday volatility from the US market may introduce unexpected price moves. Be prepared for sudden spikes that could signal either a clean breakout or a smart money trap.
✅ Maintain discipline with your stop-loss and take-profit levels. Don’t chase the market — let it confirm your strategy. Gold remains technically bearish, but any fundamental catalyst — especially from US fiscal instability — could reverse the trend sharply.
Stay ready. Stay smart. Let the charts lead the way.
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.