Gold outlook

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Gold sees a significant reversal from the resistance level at 3500.00.

Economic Calendar Analysis


Volatility is expected this week due to ongoing uncertainty in the broader financial markets.


XAU/USD short-term forecast



Bearish momentum emerging from the resistance level at 3500.00 has pushed the price of gold lower, with the metal currently trading around the 3300.00 level. The strong rejection at resistance highlights increased selling pressure, suggesting that market participants are taking a more cautious or risk-off approach amid broader financial uncertainties. If bearish sentiment persists, gold may continue to test lower support levels in the near term. However, any shift in market dynamics, such as renewed safe-haven demand, could potentially slow or reverse the downward move.

Hourly Chart

XAU/USD daily charts review

Bullishness may push gold closer to 3700.00 if tensions in global markets persist. If bearishness occurs, significant price moves toward 3150.00 may be considered highly plausible.

Daily Candle Chart


Traders going short

On Tuesday, 27.00 % of volume was in short positions. Traders are going long.

Meanwhile, in the 1000 point range around the latest price, the pending orders were 36% to sell the metal.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.