Gold Market Update: Complex Dynamics at Play
Actualizado
Hello everyone, today gold is trading around $2,639 USD, recording a slight increase of $9 USD.
Fundamentals:
The situation remains complex. Gold's weakness is primarily driven by the Federal Reserve's hawkish stance and the growth of the US Dollar. However, other factors are adding upward pressure: escalating conflicts in the Middle East and Eastern Europe, Trump's protectionist policies toward Europe and Asia, and global geopolitical risks.
Technical Outlook:
Gold is testing a key support zone after breaking through critical resistance.
Support levels: 2637, 2630, 2616
Resistance levels: 2649, 2665
Overall, I lean toward a medium-term bearish trend. However, the current situation is tense and unpredictable.
If buyers maintain the $2630 - $2640 zone, gold could continue its upward movement.
On the other hand, failure to hold this level may lead to a deeper pullback, extending the downtrend.
What do you think about gold's direction? Share your thoughts below!
Fundamentals:
The situation remains complex. Gold's weakness is primarily driven by the Federal Reserve's hawkish stance and the growth of the US Dollar. However, other factors are adding upward pressure: escalating conflicts in the Middle East and Eastern Europe, Trump's protectionist policies toward Europe and Asia, and global geopolitical risks.
Technical Outlook:
Gold is testing a key support zone after breaking through critical resistance.
Support levels: 2637, 2630, 2616
Resistance levels: 2649, 2665
Overall, I lean toward a medium-term bearish trend. However, the current situation is tense and unpredictable.
If buyers maintain the $2630 - $2640 zone, gold could continue its upward movement.
On the other hand, failure to hold this level may lead to a deeper pullback, extending the downtrend.
What do you think about gold's direction? Share your thoughts below!
Operación activa
✅Are you looking for high-quality trading signals, in-depth market knowledge, and free support?
Join me and gain access to all of this for free!
✅Click the link below:
t.me/+m9DoMhyS-9VhOTBl
Join me and gain access to all of this for free!
✅Click the link below:
t.me/+m9DoMhyS-9VhOTBl
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.