Today’s analysis delivers a comprehensive overview of the gold markets, highlighting the fundamental and technical factors influencing current trends. This report is designed to empower investors with the insights necessary to navigate the market with confidence.
Gold has extended its upward momentum from the end of last week, trading near $3,360 per troy ounce, supported by strong demand for safe-haven assets. Ongoing trade uncertainties continue to fuel a risk-off sentiment among investors, giving additional strength to the precious metal. In a sharp escalation of the trade war, US President Donald Trump recently issued notices to trading partners, raising fears of a broader global trade conflict. This development is widely viewed as a major factor driving continued safe-haven flows into gold.
Continued buying above the $3,333 horizontal level confirms a breakout past the 100-period Moving Average on the 4-hour chart. Coupled with mildly positive oscillator readings, this suggests a near-term upward move toward the next key resistance around $3,379. Momentum may even extend further, potentially pushing the XAU/USD pair to retest the $3,400 level.
On the downside, a drop below the $3,333 support could attract dip-buyers, helping to cap losses near the $3,300 round number, followed by support in the $3,280–$3,250 range. The short-term Stochastics Oscillator stands at 89, while the Relative Strength Index (RSI) is at 54.
Stochastics Oscillator: Measures momentum by comparing the closing price to its price range over a specific period. Readings above 80 indicate overbought conditions, while readings below 20 suggest oversold conditions.
Relative Strength Index (RSI): Evaluates price changes to identify overbought or oversold levels. A value above 70 signals overbought conditions, whereas below 30 indicates oversold.
In the dynamic and constantly changing bullion markets, staying updated with both technical and fundamental analysis is essential for making informed investment choices. Our report aims to offer a balanced perspective to help investors navigate the complexities of gold trading.