GOLD – Overview
Gold prices edged higher in early trade as President Trump’s new tariffs and rising geopolitical tensions over Russian incursions into NATO airspace boosted safe-haven demand.
ETF holdings remain at their highest levels since 2022, while investors await today’s key U.S. PCE inflation data for fresh signals on the Federal Reserve’s rate path.
Stronger U.S. GDP growth and lower jobless claims have slightly eased labor market concerns, adding to market uncertainty ahead of the release.
Technical View
Gold is attempting to stabilize below the 3,758 pivot line, keeping short-term pressure on the downside while awaiting PCE results.
Bearish Scenario:
As long as price trades below 3,758, bearish momentum targets 3,736 → 3,714 → 3,700.
Bullish Scenario:
A confirmed 15-min close above 3,758 would invalidate the bearish setup and support a push toward 3,780 → 3,801.
Key Levels
Pivot: 3,758
Resistance: 3,780 – 3,801
Support: 3,736 – 3,714 – 3,700
Trading Plan:
Gold remains bearish below 3,758, with 3,736 and 3,714 as immediate downside targets.
Today’s PCE data will decide whether price extends toward 3,700 or breaks higher toward 3,780 – 3,801.
Gold prices edged higher in early trade as President Trump’s new tariffs and rising geopolitical tensions over Russian incursions into NATO airspace boosted safe-haven demand.
ETF holdings remain at their highest levels since 2022, while investors await today’s key U.S. PCE inflation data for fresh signals on the Federal Reserve’s rate path.
Stronger U.S. GDP growth and lower jobless claims have slightly eased labor market concerns, adding to market uncertainty ahead of the release.
Technical View
Gold is attempting to stabilize below the 3,758 pivot line, keeping short-term pressure on the downside while awaiting PCE results.
Bearish Scenario:
As long as price trades below 3,758, bearish momentum targets 3,736 → 3,714 → 3,700.
Bullish Scenario:
A confirmed 15-min close above 3,758 would invalidate the bearish setup and support a push toward 3,780 → 3,801.
Key Levels
Pivot: 3,758
Resistance: 3,780 – 3,801
Support: 3,736 – 3,714 – 3,700
Trading Plan:
Gold remains bearish below 3,758, with 3,736 and 3,714 as immediate downside targets.
Today’s PCE data will decide whether price extends toward 3,700 or breaks higher toward 3,780 – 3,801.
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.