GOLD | Overview
Gold’s outlook remains positive in the near term, as the precious metal extended its rally this week amid optimism over an imminent end to the U.S. government shutdown and expectations of continued monetary easing from the Federal Reserve.
Technically:
Gold has stabilized above 4130, indicating solid bullish momentum, with potential to reach 4155 and 4168.
A sustained move above 4168 would further strengthen the uptrend, targeting 4190 – 4207.
However, if the price closes a 1H candle below 4130, it would suggest a shift to bearish momentum, exposing downside targets at 4105 and 4085.
Pivot Line: 4130
Resistance: 4155 · 4168 · 4207
Support: 4105 · 4085 · 4055
Outlook:
Gold remains bullish while above 4130, with momentum favoring a move toward 4155–4168 and potential extension to 4207.
A confirmed 1H close below 4130 would signal the start of a bearish correction toward 4105–4085
Gold’s outlook remains positive in the near term, as the precious metal extended its rally this week amid optimism over an imminent end to the U.S. government shutdown and expectations of continued monetary easing from the Federal Reserve.
Technically:
Gold has stabilized above 4130, indicating solid bullish momentum, with potential to reach 4155 and 4168.
A sustained move above 4168 would further strengthen the uptrend, targeting 4190 – 4207.
However, if the price closes a 1H candle below 4130, it would suggest a shift to bearish momentum, exposing downside targets at 4105 and 4085.
Pivot Line: 4130
Resistance: 4155 · 4168 · 4207
Support: 4105 · 4085 · 4055
Outlook:
Gold remains bullish while above 4130, with momentum favoring a move toward 4155–4168 and potential extension to 4207.
A confirmed 1H close below 4130 would signal the start of a bearish correction toward 4105–4085
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.