Gold Futures Rise on U.S. Interest Rate Cut Optimism
Optimism for a September rate cut is growing following softer consumer price index data and a weak nonfarm payroll report.
Trade tensions have eased after the extension of the U.S.–China tariff truce, and geopolitical risks have cooled ahead of the upcoming Trump–Putin summit.
Technical Outlook:
Gold remains in consolidation between 3348 and 3365 until a breakout occurs.
A 1H close above 3365 would signal a bullish move toward 3383 and 3401.
A close below 3348 would open the way to 3332 and 3320.
The outlook for gold remains highly sensitive — positive trade negotiations could pressure prices lower, while rate-cut optimism supports the bullish case.
Resistance: 3365, 3381, 3401
Support: 3348, 3320, 3285
Optimism for a September rate cut is growing following softer consumer price index data and a weak nonfarm payroll report.
Trade tensions have eased after the extension of the U.S.–China tariff truce, and geopolitical risks have cooled ahead of the upcoming Trump–Putin summit.
Technical Outlook:
Gold remains in consolidation between 3348 and 3365 until a breakout occurs.
A 1H close above 3365 would signal a bullish move toward 3383 and 3401.
A close below 3348 would open the way to 3332 and 3320.
The outlook for gold remains highly sensitive — positive trade negotiations could pressure prices lower, while rate-cut optimism supports the bullish case.
Resistance: 3365, 3381, 3401
Support: 3348, 3320, 3285
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.