Tag Archives: Gold

Gold prices rebounded strongly in the previous session, reaching a high of $4,236 per ounce. Technical Outlook – 4-Hour Timeframe: Simple moving averages are providing positive momentum and acting as dynamic support, which may support further upside movement. The Relative Strength Index (RSI) continues to send bullish signals, reflecting a …

Gold prices edged lower in Asian trade on Thursday, easing slightly after a strong week-long advance driven by mounting expectations that the U.S. Federal Reserve will cut interest rates in December. Speculation that a more dovish successor could replace Fed Chair Jerome Powell after his term ends in 2026 also …

Gold prices climbed in Asian trading on Wednesday, supported by a softer U.S. dollar and growing conviction that the Federal Reserve will cut interest rates in December. Haven demand also remained firm despite a broader risk-on rally across global markets. Spot gold rose 0.9% to $4,166.13 an ounce, while February …

Gold prices climbed in Asian trading on Tuesday, extending strong overnight gains as expectations grew that the U.S. Federal Reserve will cut interest rates in December. A wave of upcoming U.S. economic data also boosted safe-haven demand, helping gold trend higher even as the dollar held firm. Broader metal markets …

Gold prices (XAU/USD) rebounded after stabilizing above the $4040 support level, moving decisively through the $4100 barrier. Technical Outlook – 4-Hour Timeframe The simple moving averages have shifted into supportive zones, acting as dynamic support and enhancing the potential for further upside. The RSI maintains its positive structure, signaling solid …

Gold prices edged lower in Asian trading on Monday, pressured by a broad improvement in risk appetite as markets sharply increased their expectations for a U.S. Federal Reserve interest rate cut in December. A rebound in equities and other risk-sensitive assets drew investors away from safe havens, while reports of …

Dollar strength post-jobs data dragged gold back into a downtrend. Technical outlook SMAs: Overhead and acting as stiff dynamic resistance, capping rebounds. RSI: Persistently negative, confirming weak buying pressure. Base case (bearish while below $4,085 / $4,095) Staying beneath $4,085–$4,095 keeps downside risks dominant. A decisive break/4H close below $4,038 …

Gold faded after a $4,132 spike in U.S. hours, sliding to $4,038 as sellers regained control. Technical outlook SMAs: Overhead and acting as dynamic resistance, likely capping recovery attempts. RSI: Continues to flash negative momentum, underscoring weak upside follow-through. Base case (bearish while below $4,110 / $4,117) Maintaining trade below …

Recent profit-taking followed prior rallies, with downside pressure reinforced by price action below the simple moving averages and an RSI reset from overbought. At the same time, price is still tracking an ascending support line, so the near-term read is mixed. Best to trade the levels: Bearish continuation (preferred only …

Gold confirmed the bearish trigger highlighted previously: a clean break below $4,055/$4,050 shifted near-term structure lower and extended losses toward the $4,004 area. Technical outlook Trend/50-SMA: Price is below the 50-SMA, which now acts as dynamic resistance, reinforcing downside control. Momentum (RSI): Firm negative signals support continued selling pressure. Base …