GoldTradingPros

GoldTradingPros

✅ Fundamental Analysis 🔹 The consecutive weakness in U.S. PPI (2.6%) and Non-Farm Payrolls (22,000) has strengthened rate-cut expectations. In addition, global central banks have increased their gold reserves for 10 consecutive months, with official purchases exceeding 1,000 tons for three consecutive years, providing long-term support. 🔹 Market sentiment remains...

GoldTradingPros

✅ Daily Chart: The overall trend remains upward. After a continuous rally, gold hit a high near 3675 and pulled back. MA5 and MA10 are still trending upward, while MA20 around 3640 provides key support. The daily trend remains bullish but has entered a high-level consolidation phase, with resistance at 3675–3680 and support at 3615–3640. ✅ 4-Hour Chart: After...

GoldTradingPros

✅ After a continuous rally, gold faced resistance around 3599, with significant short-term selling pressure. The price has moved far from the MA20 (around 3547), creating a short-term deviation. Without continued volume support, there is a risk of a technical pullback. The MACD histogram is shrinking, and both DIF and DEA are flattening at high levels, indicating...

GoldTradingPros

✅ After a continuous rally, gold faced resistance around 3599, with significant short-term selling pressure. The price has moved far from the MA20 (around 3547), creating a short-term deviation. Without continued volume support, there is a risk of a technical pullback. The MACD histogram is shrinking, and both DIF and DEA are flattening at high levels, indicating...

GoldTradingPros

✅ Daily Chart: The Bollinger Bands continue to expand, and spot gold is trading near the upper band, showing strong momentum. The MACD is running in a golden cross, and the RSI has rebounded from oversold territory, indicating that gold has clear demand for a bottom rebound. However, close attention should be paid to the 3450–3455 trendline resistance. If the...

GoldTradingPros

✅ On the daily chart, gold closed with a strong bullish candle, breaking out to the 3448 level and testing the previous high resistance zone at 3450–3470. The price is firmly above the upper Bollinger Band, indicating strong bullish momentum, but there are short-term overbought signals. The MACD lines have formed a golden cross with expanding histogram bars,...

GoldTradingPros

✅ 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...

GoldTradingPros

✅ 4-Hour Chart: Gold has rebounded strongly from the 3312–3315 lows, reaching as high as 3389, and is now consolidating at higher levels. Overall, it continues to move within an upward channel. The MA5, MA10, and MA20 remain in a bullish alignment, with price trading steadily above them, indicating a solid bullish trend. However, short-term consolidation is needed...

GoldTradingPros Updated 

✅ Daily Chart: Gold prices remain within a consolidation range, with 3380–3400 as the key resistance zone and 3350–3355 as the critical support area. During the U.S. session, there is slight upward momentum; if 3380–3400 is broken, it could open further upside potential. ✅ 4-Hour Chart: After forming a bottom in the 3311–3321 region, gold rebounded strongly to a...

GoldTradingPros Updated 

✅ 4-Hour Analysis Gold has converted the previous key resistance zone of 3348–3350 into the primary support level, serving as the first line of defense for the bulls. Even if there is a brief intraday breakdown, it can be regarded as a technical adjustment. On the upside, close attention should be paid to the 3400 psychological level, which is the critical...

GoldTradingPros

✅ After a period of consolidation, gold posted a strong bullish candlestick today, sparking short-term bullish sentiment. Our buy positions placed in the 3323–3326 range also successfully gained nearly 300 pips. Overall, gold remains in a wide high-level consolidation range (around 3310–3400). 🔹 Moving Averages: MA5 and MA10 have formed a golden cross, but the...

GoldTradingPros

✅ On the daily chart, gold has shown signs of stabilization after consecutive declines, with support forming in the 3310–3320 range. After rebounding, it is currently capped by resistance around 3350–3360, keeping the price in a consolidation phase. Short-term moving averages (MA5/MA10) are flattening, suggesting weakening bearish momentum; however, the...

GoldTradingPros

✅ Fundamental Analysis 🔹 Reports that Russia and Ukraine may arrange a meeting have weakened safe-haven sentiment, putting some pressure on gold prices. 🔹 Market expectations for a Fed rate cut in September remain high, but the July meeting minutes showed that most officials leaned toward keeping rates unchanged, increasing uncertainty. 🔹 The market is currently...

GoldTradingPros

✅ From the 4-hour chart, gold prices are still moving within a broad downward channel. The current rebound is mainly a correction after the previous continuous decline. Indicator signals show: the MACD has formed a golden cross at the lows, with the histogram turning positive, indicating stronger rebound momentum; the KDJ has quickly risen from oversold levels but...

GoldTradingPros

✅ Fundamental Analysis 🔹 Recently, the Russia-Ukraine conflict has shown signs of easing: Trump stated he hopes to push for an end to the war, and Ukrainian President Zelensky said that talks with the White House were "an important step toward ending the conflict." This signal has reduced geopolitical tensions, thereby weakening gold’s safe-haven demand. 🔹 The...