Hey fellow traders!
Today, gold is taking a serious dive — price has crashed below the critical $3,300 support, and things aren't looking great for the bulls. The chart says it all: the old support zone has been wiped out, and the recent minor bounce? Just the calm before a deeper selloff.
💣 What’s dragging gold down?
-The reasons are crystal clear:
-US Treasury yields are spiking, pulling capital away from gold.
-The US dollar is rebounding strongly, boosted by hawkish Fed commentary.
Global markets are optimistic, with geopolitical tensions easing — which means gold is losing its safe-haven appeal.
In short: there's not much left to keep gold afloat right now.
📉 Technical outlook – Breaking down and breaking lower?
On the H4 chart, gold has officially lost the EMA 34 (~$3,322) — a key dynamic support that's held multiple times in the past. With that breach, sellers rushed in. Price is now sliding toward the bottom of the descending channel, targeting $3,240, and possibly $3,200 if bearish momentum continues.
And if gold pulls back to retest the broken zone? Don’t celebrate too soon — it could be the perfect trap for sellers to reload.
So, what’s your take?
Today, gold is taking a serious dive — price has crashed below the critical $3,300 support, and things aren't looking great for the bulls. The chart says it all: the old support zone has been wiped out, and the recent minor bounce? Just the calm before a deeper selloff.
💣 What’s dragging gold down?
-The reasons are crystal clear:
-US Treasury yields are spiking, pulling capital away from gold.
-The US dollar is rebounding strongly, boosted by hawkish Fed commentary.
Global markets are optimistic, with geopolitical tensions easing — which means gold is losing its safe-haven appeal.
In short: there's not much left to keep gold afloat right now.
📉 Technical outlook – Breaking down and breaking lower?
On the H4 chart, gold has officially lost the EMA 34 (~$3,322) — a key dynamic support that's held multiple times in the past. With that breach, sellers rushed in. Price is now sliding toward the bottom of the descending channel, targeting $3,240, and possibly $3,200 if bearish momentum continues.
And if gold pulls back to retest the broken zone? Don’t celebrate too soon — it could be the perfect trap for sellers to reload.
So, what’s your take?
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.