{"id":119514,"date":"2025-10-03T09:52:20","date_gmt":"2025-10-03T05:52:20","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=119514"},"modified":"2025-10-03T09:52:23","modified_gmt":"2025-10-03T05:52:23","slug":"spotlight-on-gold-profit-booking-or-structural-decline-3-10-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/spotlight-on-gold-profit-booking-or-structural-decline-3-10-2025\/10\/03\/tech-analysis\/","title":{"rendered":"Spotlight on Gold: Profit Booking or Structural Decline? 3\/10\/2025"},"content":{"rendered":"\n<p>After reaching a record high of <strong>$3,897<\/strong>, gold prices faced heavy profit-taking, retreating to <strong>$3,819<\/strong> before attempting to stabilize.<\/p>\n\n\n\n<p><strong>Technical Outlook:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>50-day SMA:<\/strong> Price action remains supported above the moving average, preserving the broader bullish structure.<\/li>\n\n\n\n<li><strong>RSI:<\/strong> Currently sending negative signals, reflecting weaker momentum and creating intraday volatility.<\/li>\n\n\n\n<li><strong>Trend Bias:<\/strong> The overall trend remains bullish, but conflicting indicators suggest the market is in a consolidation phase.<\/li>\n<\/ul>\n\n\n\n<p><strong>Probable Scenario:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bearish Case:<\/strong> A break below <strong>3,819<\/strong> could trigger further selling, with downside targets at <strong>3,810<\/strong> and then <strong>3,775<\/strong> if bearish pressure extends.<\/li>\n\n\n\n<li><strong>Bullish Case:<\/strong> A breakout above the recent high at <strong>3,897<\/strong> with sustained consolidation could reignite bullish momentum, targeting <strong>3,931<\/strong> as the next resistance.<\/li>\n<\/ul>\n\n\n\n<p> <strong>Risk Warning:<\/strong> The risk\/reward balance is skewed, and volatility is expected with today\u2019s <strong>US Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings<\/strong> data. Market reactions could be sharp in either direction.<\/p>\n\n\n\n<p><strong>Risk Disclaimer:<\/strong> 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.<br><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>S1:\u00a03810.00<\/strong><\/td><td><strong>R1:\u00a03887.00<\/strong><\/td><\/tr><tr><td><strong>S2:\u00a03775.00 <\/strong><\/td><td><strong>R2:\u00a03931.00<\/strong><\/td><\/tr><tr><td><strong>S3:\u00a03731.00<\/strong><\/td><td><strong>R3:\u00a03965.00<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>After reaching a record high of $3,897, gold prices faced heavy profit-taking, retreating to $3,819 before attempting to stabilize. Technical Outlook: 50-day SMA: Price action remains supported above the moving average, preserving the broader bullish structure. RSI: Currently sending negative signals, reflecting weaker momentum and creating intraday volatility. Trend Bias: The overall trend remains bullish, &hellip;<\/p>\n","protected":false},"author":9,"featured_media":119521,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[7770,6874],"class_list":["post-119514","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-fomc-minutes","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=119514"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119514\/revisions"}],"predecessor-version":[{"id":119522,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119514\/revisions\/119522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/119521"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}