GOLD – Technical Overview
Gold prices are rising as investors await key U.S. economic data this week for clearer signals on the Federal Reserve’s interest-rate outlook.
Markets are watching ADP employment, ISM Services, and the PCE price index, all of which are expected to influence rate-cut expectations.
According to the CME FedWatch Tool, traders now price in an 87% probability of a December rate cut.
Meanwhile, physical demand remains firm, with ETFs increasing their gold holdings for the fifth consecutive day, supporting overall bullish sentiment.
Technical Analysis
Gold maintains bullish pressure as long as it trades above 4207, targeting 4226 and 4255.
A breakout above 4255 could extend momentum toward the 4300 zone.
However, a 1H close below 4207 will trigger a bearish correction toward 4187.
A break below 4187 would further confirm a bearish trend continuation toward 4173 and 4151.
Key Levels
Pivot Line: 4207
Resistance: 4226 · 4255 · 4300
Support: 4187 · 4173 · 4151
Gold prices are rising as investors await key U.S. economic data this week for clearer signals on the Federal Reserve’s interest-rate outlook.
Markets are watching ADP employment, ISM Services, and the PCE price index, all of which are expected to influence rate-cut expectations.
According to the CME FedWatch Tool, traders now price in an 87% probability of a December rate cut.
Meanwhile, physical demand remains firm, with ETFs increasing their gold holdings for the fifth consecutive day, supporting overall bullish sentiment.
Technical Analysis
Gold maintains bullish pressure as long as it trades above 4207, targeting 4226 and 4255.
A breakout above 4255 could extend momentum toward the 4300 zone.
However, a 1H close below 4207 will trigger a bearish correction toward 4187.
A break below 4187 would further confirm a bearish trend continuation toward 4173 and 4151.
Key Levels
Pivot Line: 4207
Resistance: 4226 · 4255 · 4300
Support: 4187 · 4173 · 4151
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.