Technical Analysis – Gold shifts attention to uncharted territory
Gold looks for a bullish breakout above rectangle
Bullish sentiment dominates; stability cannot be ruled out
US CPI inflation figures due for release at 12:30 GMT
Gold rapidly approached the upper band of its three-week-old tight range at 2,530, increasing the possibility of entering unexplored territory.
The ball is still on the bulls’ court according to the technical indicators in the four-hour chart. The RSI is making a new higher high above its 50 neutral mark and the MACD is progressing within the positive area, though its near its previous peak, and the stochastic oscillator is fluctuating within the overbought region, keeping some skepticism in place.
Should the long-term uptrend resume above 2,530, the precious metal could ascend towards the resistance line at 2,565. Then, a decisive move higher could face a psychological test near the 2,600 level, a break of which could bring the 2,650 zone next into view.
In the event of a downside reversal, the 2,495 region, which encapsulates the 23.6% Fibonacci retracement of the July-August upleg, could act as support, preventing a drop towards the 200-day SMA and the lower band of the rectangle pattern at 2,470. The 38.2% Fibonacci mark is within this neighborhood. Therefore, a clear violation of this base might upset traders, forcing a rapid correction towards the 50% Fibonacci of 2,440 and the August 15 low of 2,332.
Overall, gold is trying once again to break free from its short-term horizontal path and reach new record highs, with the technical signals backing the current bullish attempt.相關資產
最新新聞
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
