Technical Analysis: Gold Market Continues Upward Trend
Despite the fluctuations, Gold has maintained a stable upward momentum due to the crisis and political tensions in the Middle East region.
Investors continue to bet on the Federal Reserve's interest rate cut in July, currently placing bets at around a 41% likelihood.
Based on technical analysis, the upward trend of Gold appears likely to continue. On the 4-hour chart, the price of Gold is supported by the SMA 20 line and technical indicators such as the RSI also show positive signals. This suggests that the Gold market may continue its upward trend in the near future, providing opportunities for investors.
Investors continue to bet on the Federal Reserve's interest rate cut in July, currently placing bets at around a 41% likelihood.
Based on technical analysis, the upward trend of Gold appears likely to continue. On the 4-hour chart, the price of Gold is supported by the SMA 20 line and technical indicators such as the RSI also show positive signals. This suggests that the Gold market may continue its upward trend in the near future, providing opportunities for investors.
Related publications
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.