Gold is holding just above rising trendline and 50-day SMA support (~$3,175), but the rebound has been tepid so far:
📉 Price action: Small-bodied candles reflect indecision
📊 RSI stuck near 50, suggesting a lack of directional momentum
📉 MACD still trending lower, though starting to flatten
📍Support:
Rising trendline and 50-day SMA: $3,175–$3,180
Below that: $3,100 (psychological + former resistance)
📍Resistance:
Initial resistance near $3,300
Heavier resistance back at $3,400+
⚠️ Big picture: The longer gold churns sideways near trendline support, the more vulnerable it becomes. Bulls need a strong move above $3,300 to reassert control.
-MW
📉 Price action: Small-bodied candles reflect indecision
📊 RSI stuck near 50, suggesting a lack of directional momentum
📉 MACD still trending lower, though starting to flatten
📍Support:
Rising trendline and 50-day SMA: $3,175–$3,180
Below that: $3,100 (psychological + former resistance)
📍Resistance:
Initial resistance near $3,300
Heavier resistance back at $3,400+
⚠️ Big picture: The longer gold churns sideways near trendline support, the more vulnerable it becomes. Bulls need a strong move above $3,300 to reassert control.
-MW
Penafian
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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.