Gold Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Gold prices have been fluctuating in the short term, trading within a range of $3,235 to $3,350 per ounce. This volatility reflects ongoing market uncertainty driven by factors such as shifting expectations around U.S.

In a bearish scenario, gold prices may continue to face downward pressure, potentially testing key support levels at $3,235.00 and $3,205.00 per ounce. These levels serve as critical price floors where buyers might step in, but if breached, they could signal further downside momentum. Such weakness could be driven by factors like rising U.S. Treasury yields, a stronger dollar, or reduced demand for safe-haven assets amid improving global economic sentiment.



Bullish reversal may emerge if gold begins to trade consistently above its short-term simple moving averages (SMAs)—a sign that momentum is shifting in favor of buyers. Trading above these averages often indicates that the asset is regaining strength and investor confidence is improving. If this bullish crossover occurs, it could attract more technical buyers and potentially lead to a move toward higher resistance levels.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.