Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Gold prices (XAU/USD) extended their rally to fresh all-time highs, continuing the strong bullish trend and recording a new peak at $3,547 per ounce.
Technical Outlook – 4-hour timeframe:
The broader trend remains firmly bullish, with price action supported by movement along the ascending trend line and continued stability above the simple moving averages, which act as dynamic support. The Relative Strength Index (RSI) is also sending strong positive momentum signals, highlighting the sustained dominance of buyers.
Probable Scenario:
The key levels protecting the intraday bullish trend lie near 3,487 and more importantly at 3,477. A confirmed break above the record high of 3,547 would strengthen the bullish scenario and open the way for deeper gains toward higher resistance levels. Conversely, renewed selling pressure would be confirmed by a break below 3,477 with sustained trading underneath, exposing the price to a retest of retracement zones.
Fundamental Note:
Today’s session includes high-impact US economic releases, such as job openings and labor turnover (JOLTS). These figures could trigger heightened price volatility upon release.
Warning: Risks remain high amid ongoing trade and geopolitical tensions, and all scenarios should be considered.
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: 3487.00 | R1: 3564.00 |
| S2: 3440.00 | R2: 3594.00 |
| S3: 3410.00 | R3: 3641.00 |
