✅ Fundamental Analysis
🔹 Political Risk: Trump’s attempt to dismiss Federal Reserve Governor Cook has raised concerns about the Fed’s independence.
🔹 U.S. Dollar Performance: The U.S. Dollar Index closed slightly lower on Wednesday, now trading around 98.19. The relative weakness of the dollar is providing some support for gold prices.
🔹 Economic Data: Multiple U.S. economic data releases are scheduled for today, which may bring volatility to the market.
🔹 Trade Relations: The EU plans to propose a tariff reduction on U.S. goods to ease trade tensions. The easing of geopolitical risks may slightly weaken gold’s safe-haven demand.
✅ Technical Analysis
🔸 On the daily chart, gold has rebounded from recent lows with consecutive bullish candles. It is currently trading between the middle and upper Bollinger Bands, near the 3395–3400 zone.
🔸 On the 4-hour chart, gold has repeatedly tested the 3395–3400 resistance area but remains in high-level consolidation. Prices are trading above the MA20 and MA60, with a bullish crossover providing support. Gold is consolidating above the Bollinger mid-band, with the upper band capping gains near 3405. The trend remains biased to the upside, but the 3400–3405 zone is a critical resistance that needs confirmation.
🔸 On the 1-hour chart, gold found support around 3375 and rebounded, reaching as high as 3399 before pulling back. This shows short-term bullish momentum is weakening, with signs of pressure at higher levels. Key focus is on the 3380–3375 support zone — a break below this level could trigger a further drop toward 3360.
🔴 Resistance Levels: 3400–3405 / 3409–3415 / 3425
🟢 Support Levels: 3383–3380 / 3373–3370 / 3360
✅ Trading Strategy Reference:
🔻 Short Position Strategy:
🔰Consider entering short positions in batches if gold rebounds to the 3395-3399 area. Target: 3375-3365；If support breaks, the move may extend to 3355.
🔺 Long Position Strategy:
🔰Consider entering long positions in batches if gold pulls back to the 3355-3360 area. Target: 3370-3380；If resistance breaks, the move may extend to 3390.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me🤝
🔹 Political Risk: Trump’s attempt to dismiss Federal Reserve Governor Cook has raised concerns about the Fed’s independence.
🔹 U.S. Dollar Performance: The U.S. Dollar Index closed slightly lower on Wednesday, now trading around 98.19. The relative weakness of the dollar is providing some support for gold prices.
🔹 Economic Data: Multiple U.S. economic data releases are scheduled for today, which may bring volatility to the market.
🔹 Trade Relations: The EU plans to propose a tariff reduction on U.S. goods to ease trade tensions. The easing of geopolitical risks may slightly weaken gold’s safe-haven demand.
✅ Technical Analysis
🔸 On the daily chart, gold has rebounded from recent lows with consecutive bullish candles. It is currently trading between the middle and upper Bollinger Bands, near the 3395–3400 zone.
🔸 On the 4-hour chart, gold has repeatedly tested the 3395–3400 resistance area but remains in high-level consolidation. Prices are trading above the MA20 and MA60, with a bullish crossover providing support. Gold is consolidating above the Bollinger mid-band, with the upper band capping gains near 3405. The trend remains biased to the upside, but the 3400–3405 zone is a critical resistance that needs confirmation.
🔸 On the 1-hour chart, gold found support around 3375 and rebounded, reaching as high as 3399 before pulling back. This shows short-term bullish momentum is weakening, with signs of pressure at higher levels. Key focus is on the 3380–3375 support zone — a break below this level could trigger a further drop toward 3360.
🔴 Resistance Levels: 3400–3405 / 3409–3415 / 3425
🟢 Support Levels: 3383–3380 / 3373–3370 / 3360
✅ Trading Strategy Reference:
🔻 Short Position Strategy:
🔰Consider entering short positions in batches if gold rebounds to the 3395-3399 area. Target: 3375-3365；If support breaks, the move may extend to 3355.
🔺 Long Position Strategy:
🔰Consider entering long positions in batches if gold pulls back to the 3355-3360 area. Target: 3370-3380；If resistance breaks, the move may extend to 3390.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me🤝
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+AMHhMKEIj_IzN2Vl
✉️VIP Guidance : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+AMHhMKEIj_IzN2Vl
✉️VIP Guidance : t.me/Jack_blackwell
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.
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+AMHhMKEIj_IzN2Vl
✉️VIP Guidance : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+AMHhMKEIj_IzN2Vl
✉️VIP Guidance : t.me/Jack_blackwell
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.