Gold maintains its safe-haven appeal, holding firmly above the $3,200 mark. The current trend met resistance near $3,250, and a decisive breakout could drive further gains toward $3,290–$3,300, fueled by rising trade war tensions and ongoing dollar weakness.
• Downside Risks:
If the dollar reverses or U.S.–China trade talks show progress, a drop below $3,200 may lead to pullbacks toward $3,190 and $3,170.
A deeper decline could trigger a broader correction toward $3,100 and $3,090, helping to reset overbought momentum on higher time frames or set the stage for a deeper downturn.
- Razan Hilal, CMT
• Downside Risks:
If the dollar reverses or U.S.–China trade talks show progress, a drop below $3,200 may lead to pullbacks toward $3,190 and $3,170.
A deeper decline could trigger a broader correction toward $3,100 and $3,090, helping to reset overbought momentum on higher time frames or set the stage for a deeper downturn.
- Razan Hilal, CMT
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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.