Gold has reached a new all-time high at USD 3,216, fueled by a mix of macroeconomic factors and shifting market sentiment. While prices are stretched in the short term, the broader trend remains bullish. A weaker U.S. dollar could support further gains in the coming weeks. Historically, gold performs well during dollar downtrends and periods of elevated uncertainty.
Risk-off sentiment may soon return as global growth concerns, geopolitical tensions, and sticky inflation resurface. These factors could drive further demand for safe-haven assets like gold. Additionally, central banks have continued to be net buyers of gold, especially in emerging markets looking to diversify away from the dollar.
Although momentum is strong, a retracement toward the 3100–3150 zone could offer a healthier entry point for latecomers. RSI levels suggest overbought conditions, and profit-taking is likely in the near term. However, unless key support zones break, the long-term outlook remains bullish.
Watch for upcoming U.S. economic data and Fed comments—any hint of dovishness could give gold another leg higher. Technically and fundamentally, gold remains well-positioned, especially if markets tilt back toward caution. And tensions might indeed rise in the short term. China has increased tariffs on goods to 125% imported from the US starting this Saturday.
For now, buying dips might be a smarter play than chasing highs. Keep stops tight and targets clear.
Risk-off sentiment may soon return as global growth concerns, geopolitical tensions, and sticky inflation resurface. These factors could drive further demand for safe-haven assets like gold. Additionally, central banks have continued to be net buyers of gold, especially in emerging markets looking to diversify away from the dollar.
Although momentum is strong, a retracement toward the 3100–3150 zone could offer a healthier entry point for latecomers. RSI levels suggest overbought conditions, and profit-taking is likely in the near term. However, unless key support zones break, the long-term outlook remains bullish.
Watch for upcoming U.S. economic data and Fed comments—any hint of dovishness could give gold another leg higher. Technically and fundamentally, gold remains well-positioned, especially if markets tilt back toward caution. And tensions might indeed rise in the short term. China has increased tariffs on goods to 125% imported from the US starting this Saturday.
For now, buying dips might be a smarter play than chasing highs. Keep stops tight and targets clear.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.