Gold – Live Update
Bullish Trend Holds Above Pivot
Gold reached our projected target around 3,392 as mentioned in the previous idea.
Currently, the price is trading above the 3,374 pivot line, maintaining bullish momentum.
🔹 Technical Outlook
✅ As long as price holds above 3,374, the bullish trend should continue toward 3,384 → 3,401 → 3,412.
⚠️ A move below 3,374 would trigger a correction to 3,363, with deeper downside toward 3,350.
🔹 Key Levels
Pivot: 3,374
Resistance: 3,384 – 3,401 – 3,412
Support: 3,363 – 3,350
✅ Summary:
Gold continues to respect bullish momentum above the pivot. Watch 3,374 as the decision zone — holding above favors continuation higher, while a break below shifts focus to 3,363 and 3,350.
previous idea:
Bullish Trend Holds Above Pivot
Gold reached our projected target around 3,392 as mentioned in the previous idea.
Currently, the price is trading above the 3,374 pivot line, maintaining bullish momentum.
🔹 Technical Outlook
✅ As long as price holds above 3,374, the bullish trend should continue toward 3,384 → 3,401 → 3,412.
⚠️ A move below 3,374 would trigger a correction to 3,363, with deeper downside toward 3,350.
🔹 Key Levels
Pivot: 3,374
Resistance: 3,384 – 3,401 – 3,412
Support: 3,363 – 3,350
✅ Summary:
Gold continues to respect bullish momentum above the pivot. Watch 3,374 as the decision zone — holding above favors continuation higher, while a break below shifts focus to 3,363 and 3,350.
previous idea:
Trade active
Gold – Overview | live updateSafe-Haven Demand Rises on Fed Independence Concerns
Gold futures are trading sideways but holding firm at higher levels amid growing unease over U.S. Federal Reserve independence.
Safe-haven demand has strengthened as investors weigh political risks: if Trump succeeds in removing Fed Governor Lisa Cook, it would give him a majority on the seven-member board, fueling concerns about political influence over monetary policy. This raises fears of premature rate cuts, eroding confidence and potentially fueling inflation — all supportive for gold.
🔹 Technical Outlook
Gold reached our projected target at 3,402 and still shows bullish momentum.
✅ Next immediate target: 3,413, with potential continuation toward 3,436 → 3,450.
⚠️ A 1H candle close below 3,394 would trigger a bearish correction, exposing 3,383 → 3,373.
🔹 Key Levels
Pivot: 3,402
Resistance: 3,413 – 3,436 – 3,450
Support: 3,394 – 3,383 – 3,373
✅ Summary:
Gold is consolidating near highs, supported by safe-haven demand and Fed policy concerns. Holding above 3,402 keeps the bullish trend intact toward 3,413 / 3,436, while a break below 3,394 would trigger correction.
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/
Related publications
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/
Related publications
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.