Gold keeps climbing strongly above the 4,100 USD
On the weekly chart (Gold Futures – COMEX), we can clearly see a strong bullish trend supported by high volume and positive market sentiment.
The arrows mark key technical moments:
Moving average crossovers – every time these lines crossed or touched, a price correction followed.
Support retests – often provided great buying opportunities after pullbacks. Current impulse – price is far above the moving averages, which could suggest a medium-term correction risk.
Historically, these points have marked short-term pullbacks, while the overall trend stayed positive.
OkNext potential target: around 4,400 USD
On the weekly chart (Gold Futures – COMEX), we can clearly see a strong bullish trend supported by high volume and positive market sentiment.
The arrows mark key technical moments:
Moving average crossovers – every time these lines crossed or touched, a price correction followed.
Support retests – often provided great buying opportunities after pullbacks. Current impulse – price is far above the moving averages, which could suggest a medium-term correction risk.
Historically, these points have marked short-term pullbacks, while the overall trend stayed positive.
OkNext potential target: around 4,400 USD
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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.
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.