Detailed analysis of Gold trends!!
Detailed analysis of Gold trends!!
XAUUSD: Technical and Fundamental Analysis (Daily Time Frame)
Technical Analysis:
Breakout and Retest of the Uptrend Channel:
Gold price broke below the uptrend channel at $2609, signaling potential bearish momentum.
A retest of the $2556 demand zone confirmed its strength as a key support.
Bearish Scenarios:
Scenario 1: Breakdown to $2280
If price pulls back to $2609 but fails to hold above $2556, a breakdown could lead to a crash toward $2280, the next major support level.
Scenario 2: Lower High Formation
If price rises to the resistance zone of $2672–$2680 and faces rejection, it may continue the downtrend, targeting $2475.
Bullish Scenarios:
Scenario 1: Breakout Above $2780
If price breaks above $2780 and sustains, it would invalidate the bearish structure.
A higher high above $2788 could push the price toward $2956.
Scenario 2: Consolidation Above $2556
Consolidation above $2556 could indicate accumulation, supporting a potential bullish breakout.
Downtrend Structure:
Despite the bearish outlook, no lower lows or lower highs have been confirmed yet, leaving room for price reversal or continuation.
Fundamental and Geopolitical Analysis:
Impact of US Political Landscape:
Speculation surrounding Donald Trump’s potential election victory suggests a stronger US Dollar Index (DXY).
A strong dollar could weigh on gold prices due to their inverse relationship.
Federal Reserve Policy:
With the Federal Reserve not cutting interest rates, higher yields on dollar-denominated assets may reduce gold's appeal.
Geopolitical Tensions and De-Escalation:
Trump's commitment to addressing conflicts (e.g., Israel-Lebanon, Iran, Palestine) could lower safe-haven demand for gold.
XAUUSD: Technical and Fundamental Analysis (Daily Time Frame)
Technical Analysis:
Breakout and Retest of the Uptrend Channel:
Gold price broke below the uptrend channel at $2609, signaling potential bearish momentum.
A retest of the $2556 demand zone confirmed its strength as a key support.
Bearish Scenarios:
Scenario 1: Breakdown to $2280
If price pulls back to $2609 but fails to hold above $2556, a breakdown could lead to a crash toward $2280, the next major support level.
Scenario 2: Lower High Formation
If price rises to the resistance zone of $2672–$2680 and faces rejection, it may continue the downtrend, targeting $2475.
Bullish Scenarios:
Scenario 1: Breakout Above $2780
If price breaks above $2780 and sustains, it would invalidate the bearish structure.
A higher high above $2788 could push the price toward $2956.
Scenario 2: Consolidation Above $2556
Consolidation above $2556 could indicate accumulation, supporting a potential bullish breakout.
Downtrend Structure:
Despite the bearish outlook, no lower lows or lower highs have been confirmed yet, leaving room for price reversal or continuation.
Fundamental and Geopolitical Analysis:
Impact of US Political Landscape:
Speculation surrounding Donald Trump’s potential election victory suggests a stronger US Dollar Index (DXY).
A strong dollar could weigh on gold prices due to their inverse relationship.
Federal Reserve Policy:
With the Federal Reserve not cutting interest rates, higher yields on dollar-denominated assets may reduce gold's appeal.
Geopolitical Tensions and De-Escalation:
Trump's commitment to addressing conflicts (e.g., Israel-Lebanon, Iran, Palestine) could lower safe-haven demand for gold.
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