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 …
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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 …
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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 …
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Gold chopped within a wide range, sliding to $4,145 after tagging $4,245. Technical outlook SMAs: Still trending beneath price and supporting momentum from below. RSI: Reset from prior overbought and remains constructive, keeping scope for another topside attempt. Base case (bullish bias while above $4,155 / $4,145) Holding $4,155—and more …
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Gold extended higher after clearing $4,090, printing a $4,149 high. Technical outlook SMAs: Trending beneath price and supporting momentum from below. RSI: Back to constructive readings after resetting from prior overbought—consistent with a minor bullish wave. Base case (bullish while above $4,087) Holding $4,087 keeps the upside favored. A decisive …
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Gold briefly shook off selling pressure after probing the $3,928 support, rebounding toward the $4,000 area. Technical outlook SMAs: Attempting to rotate beneath price, offering support from below and mild positive momentum. RSI: Turning constructive after a reset, aligning with scope for further recovery attempts within a broader corrective downtrend. …
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Selling pressure persists within the ongoing corrective downswing, with price printing a $3,962 low in the prior session. Technical outlook Trend/SMAs: 4H simple moving averages slope lower and sit above price as dynamic resistance, capping rebounds. Structure: A prior rising trendline break keeps bears in control. Momentum (RSI): Continues to …
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Selling pressure persists within the ongoing corrective downswing, with price printing a $3,962 low in the prior session. Technical outlook Trend & SMAs: The 4H simple moving averages slope lower and cap rebounds as dynamic resistance—consistent with a bearish structure. Structure: A prior rising trendline break keeps downside risk in …
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The U.S. dollar posted weekly gains, supported by hawkish Federal Reserve commentary and improving trade relations between Washington and Beijing. The dollar index, which measures the greenback against a basket of major currencies, rose 0.4% to a three-week high at the start of last week and ended the week up …
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Price action is choppy: yesterday’s rebound topped at $4,046 after a dip to $3,915, but no clean trend has emerged. Technical outlook The 4H simple moving averages slope lower and sit above price, acting as dynamic resistance and capping recovery attempts. An earlier rising trendline break keeps bears in control. …
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