GOLD | Overview
Gold steady ahead of U.S. House vote on government reopening.
Gold prices remained steady on Wednesday as investors awaited a U.S. House of Representatives vote on a deal to reopen the federal government, an outcome that could restore economic data visibility and shape expectations for future Federal Reserve rate cuts.
Technically:
Gold maintains a bearish bias while trading below the 4132–4144 pivot zone, with downside potential toward 4104, and a break below this level could extend losses to 4083 and 4053.
However, a 1H close above 4145 would shift sentiment to bullish, targeting 4168 and 4190, with further extension possible toward 4207.
Pivot Zone: 4132 – 4144
Resistance: 4168 · 4190 · 4207
Support: 4104 · 4083 · 4053
Gold steady ahead of U.S. House vote on government reopening.
Gold prices remained steady on Wednesday as investors awaited a U.S. House of Representatives vote on a deal to reopen the federal government, an outcome that could restore economic data visibility and shape expectations for future Federal Reserve rate cuts.
Technically:
Gold maintains a bearish bias while trading below the 4132–4144 pivot zone, with downside potential toward 4104, and a break below this level could extend losses to 4083 and 4053.
However, a 1H close above 4145 would shift sentiment to bullish, targeting 4168 and 4190, with further extension possible toward 4207.
Pivot Zone: 4132 – 4144
Resistance: 4168 · 4190 · 4207
Support: 4104 · 4083 · 4053
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.