Gold (XAU/USD) has been in a strong uptrend, but I believe a selling opportunity may emerge soon.
• Price is trading near the top of a rising channel, approaching a key resistance zone.
• Overextension and possible exhaustion could signal a reversal or deeper pullback.
• My approach is to wait for confirmation—signs of weakening momentum, bearish price action, or fundamental shifts before entering a short position.
Technical Outlook:
• Resistance: $2,900 - $3,000 (potential rejection area)
• Support: $2,600 - $2,500 (targets if a sell-off occurs)
• Indicators: Watching RSI for overbought conditions and candlestick patterns for reversal signs
Fundamental Factors:
• U.S. economic outlook – A strong labor market or inflation surprises could pressure gold.
• Central bank demand – If demand slows, gold may correct.
• Geopolitical risks – Uncertainty could delay a reversal, but a shift in sentiment may trigger selling.
• Price is trading near the top of a rising channel, approaching a key resistance zone.
• Overextension and possible exhaustion could signal a reversal or deeper pullback.
• My approach is to wait for confirmation—signs of weakening momentum, bearish price action, or fundamental shifts before entering a short position.
Technical Outlook:
• Resistance: $2,900 - $3,000 (potential rejection area)
• Support: $2,600 - $2,500 (targets if a sell-off occurs)
• Indicators: Watching RSI for overbought conditions and candlestick patterns for reversal signs
Fundamental Factors:
• U.S. economic outlook – A strong labor market or inflation surprises could pressure gold.
• Central bank demand – If demand slows, gold may correct.
• Geopolitical risks – Uncertainty could delay a reversal, but a shift in sentiment may trigger selling.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.