Hi there,
Gold remains bearish, held down by a protected resistance level at 3,286.017, combined with bearish pressure near the 3,350.413 level.
The price could potentially push up into the 3,259.035 region before experiencing a meaningful drop. However, I anticipate overall bearish momentum to drive the price down to the 3,136.779 area, with a bias toward 3,044.531.
Short Fundamental Highlights:
Happy Trading,
K.
Not a trading advice
Gold remains bearish, held down by a protected resistance level at 3,286.017, combined with bearish pressure near the 3,350.413 level.
The price could potentially push up into the 3,259.035 region before experiencing a meaningful drop. However, I anticipate overall bearish momentum to drive the price down to the 3,136.779 area, with a bias toward 3,044.531.
Short Fundamental Highlights:
- Gold trades around $3,248 per ounce, up 1.9% today.
- Supported by safe-haven demand after Moody’s US credit rating downgrade.
- Recent volatility, but overall strong upward trend in 2025 — up over 23%.
- Reached an all-time high of $3,500 in April.
- Technical risks loom if support at $3,100-$3,200 falls.
- Remains attractive amid economic uncertainty, geopolitical tensions, and Fed rate cut expectations.
Happy Trading,
K.
Not a trading advice
Trade closed manually
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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.