Gold Continues to Challenge Record Resistance Levels
đź‘‹Hello everyone, what are your thoughts on 
XAUUSD ?
As of this writing, gold continues its upward momentum, having reached new highs as investors increase their bets on the Federal Reserve cutting interest rates in the near future. The concerns over the U.S. government shutdown and global economic instability have further strengthened gold’s position as a safe haven asset.
At the same time, the U.S. Dollar is under pressure due to expectations of monetary easing, which is paving the way for further gains in gold.
Technically, gold is currently consolidating in a range, repeating patterns seen in the past. The current support level is around $3,815, while the immediate resistance is near the $3,900 mark. If the price breaks this resistance, the next target could be higher record levels.
Overall, the short to medium-term outlook still favors the bulls. Do you agree? Feel free to share your thoughts in the comments!
XAUUSD ?As of this writing, gold continues its upward momentum, having reached new highs as investors increase their bets on the Federal Reserve cutting interest rates in the near future. The concerns over the U.S. government shutdown and global economic instability have further strengthened gold’s position as a safe haven asset.
At the same time, the U.S. Dollar is under pressure due to expectations of monetary easing, which is paving the way for further gains in gold.
Technically, gold is currently consolidating in a range, repeating patterns seen in the past. The current support level is around $3,815, while the immediate resistance is near the $3,900 mark. If the price breaks this resistance, the next target could be higher record levels.
Overall, the short to medium-term outlook still favors the bulls. Do you agree? Feel free to share your thoughts in the comments!
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
âś… Fast updates, accurate alerts
âś… Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
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âś… Fast updates, accurate alerts
âś… Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
Pubblicazioni correlate
Declinazione di responsabilitĂ
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.