Gold Analysis
Gold
Live Price: $3335.73000
Technical Overview
- Support: $3285.69405, $3252.33675, $3202.30080
- Resistance: $3385.76595, $3435.80190, $3502.51650
- Entry: Long $3302.37270, Short $3369.08730
- Stop Loss: Long $3235.65810, Short $3435.80190
Market Sentiment
Bullish – Target: $3402.44460
Analyst View
Gold continues to show technical strength supported by the formation of higher lows. The price action above $3302.37270 suggests bullish control. RSI on H1 stands at 66, with potential continuation above $3385.76595. MACD has formed a potential crossover near zero line. Recent news: “Thawing of IPO market is good news for Goldman Sachs, car stocks catch a break – Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.” Yesterday’s price closed higher following investor speculation around central bank policy… If the asset breaks above $3385.76595, we may see continuation toward $3435.80190. In contrast, failure to hold support at $3285.69405 may trigger a pullback to $3252.33675.