Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Gold (XAU/USD) continues to advance strongly, setting fresh all-time highs and reinforcing the prevailing bullish momentum. The metal reached a new record of $4,030 per ounce at the time of writing, driven by sustained buying activity and investor demand for safe-haven assets amid global uncertainty.
Technical Outlook – 4-Hour Timeframe:
The 50-day Simple Moving Average (SMA) continues to provide solid dynamic support, underpinning the bullish structure and confirming the continuation of the uptrend. Gold’s movement remains comfortably above ascending support lines, signaling healthy trend sustainability.
Meanwhile, momentum indicators remain firmly positive. Although the Relative Strength Index (RSI) is holding within overbought territory, it continues to reflect strong upward pressure and persistent investor interest, rather than an imminent reversal.
Likely Scenario:
A confirmed break above the current high of $4,030 could accelerate bullish momentum, paving the way for gold to target the next resistance at $4,054.
Conversely, failure to sustain trading above $4,030 and a pullback below $3,987 may trigger a limited corrective phase toward $3,968, representing a short-term retest of key support areas before buyers potentially regain control.
Warning:
The risk-to-reward ratio remains unbalanced at current highs. Price volatility could intensify amid persistent trade and geopolitical tensions. Caution is advised, as all scenarios remain possible.
Risk Disclaimer: Trading CFDs involves risks, and therefore all scenarios may be plausible. The content above is not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.
| S1: 3968.00 | R1: 4054.00 |
| S2: 3911.00 | R2: 4083.00 |
| S3: 3882.00 | R3: 4140.00 |
