Gold gained sharply as easing crude oil prices dragged US treasury yield lower. Having reached an intraday high of $4180, it is now at $4180.
|
Technicals |
CMP -$4190 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$4068 |
CMP >55 EMA |
Bullish |
|
200- EMA |
$4118 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$4225 |
CMP <365 EMA |
Bearish |
Near -term support -$4000. Major bearishness below $3940. Any violation below $4000 targets $3980/$3940. Near-term resistance - $4205/$4225/$4305.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
279.88 |
|
ADX |
Bullish |
Strength increased from 13.06 to 18.14 |
It is good to buy on dips around $4160-62 with SL around $4120 for a TP of $4305


FxWirePro- Crypto Weekly Alpha: ETF Rebounds, L2 Rallies & Key Resistance Levels
Unsustainable – or manageable? We don’t yet know how data centres will impact Australia’s environment
Big AI wants to slow down AI research. Is it a safety pause or a strategic retreat?
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown
‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem
fnny Beta Launches With a Simple Idea: Find an Event, Show Up, Get Rewarded
AI is supercharging money scams – here’s what you can do to protect yourself
Europe can’t achieve space sovereignty alone. Here’s why
Physicists zoom into the birth of cosmic rainstorms with new CERN study
What is Zionism? The different meanings of a contested term 



