Gold analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Gold continues to serve as a reliable hedge against inflation, maintaining its role as a safe-haven asset during periods of rising prices and economic uncertainty. As inflation erodes the value of fiat currencies, investors often turn to gold to preserve their purchasing power.

Gold reveals a dominant, long-standing bullish trend, with a recent acceleration of large weekly candles pushing the price into a state of price discovery. This powerful upward momentum is strongly confirmed by the indicators. Gold is trading comfortably above the steeply rising 24-week and 100-week Simple Moving Averages, and the MACD is not only strongly positive but also shows a widening histogram, suggesting that momentum is actively increasing.



The path of least resistance is clearly to the upside, and any corrective pullbacks would be expected to find major support at the breakout area and previous consolidation zone around 3300.00 As long as the price remains above this key support, any dip is likely to be viewed as a long-term buying opportunity.



Gold in a bullish consolidation phase on the 4-hour chart. After a strong rally, the price is now pausing and trading sideways, with indicators suggesting a temporary loss of momentum. The primary trend is clearly bullish, established by the powerful rally that pushed the price to a recent high of 3705.65. Following this peak, the market has entered a healthy consolidation phase between the 3705.65 resistance and key support at 3621.40.

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