Note: This section contains information in English only.Gold is moving sideways within a large trading range defined by strong support at the 3282.30 level and major resistance at 3422.42.
Recently, the price dropped sharply to test the bottom of this range and is now showing a bounce from that key support. Despite this rebound, the overall momentum has a bearish tilt, as the price is trading below both its short-term and long-term moving averages.
These averages have also recently crossed over in a bearish formation, and the RSI momentum indicator remains below its midline, confirming that sellers currently have the upper hand. If this bounce fails to gain traction, Gold will likely fall again to re-test the critical support at 3282.30.
Thu, 31 Jul 2025 14:30:10 GMT
Source: Dukascopy Bank SA
These averages have also recently crossed over in a bearish formation, and the RSI momentum indicator remains below its midline, confirming that sellers currently have the upper hand. If this bounce fails to gain traction, Gold will likely fall again to re-test the critical support at 3282.30.