Safe-Haven Demand Eases, Bears Take Control in the Gold Market
Обновлено
Fundamental Analysis:
Gold prices have reversed last week’s upward momentum as safe-haven sentiment continues to diminish. Positive developments in the Middle East have contributed to this shift, with Israel’s ambassador to the United States confirming that a ceasefire agreement with Lebanon’s Hezbollah could be reached within days. This news has triggered a significant retreat in safe-haven buying.
Meanwhile, the nomination of Scott Bassett as Treasury Secretary by U.S. President-elect Donald Trump has bolstered market stability, further improving risk appetite. Although U.S. Treasury yields have declined—a factor typically supportive of gold prices—the broader improvement in market sentiment has left gold under pressure. With bearish sentiment prevailing from the week’s outset, the gold market is now dominated by a clear downward trend.
Technical Analysis:
Gold prices have experienced a sharp pullback, with immediate support found near 2660. Key resistance is identified at the 2690 level, with the short-term ceiling at 2700. The technical outlook remains bearish, with limited prospects for a near-term reversal.
Trading Strategy for Today:
Recommendation: Enter short positions in the 2688-2691 range, with a stop loss above 2700.
Target Levels: First target at 2675, followed by 2665 for further downside potential.
Advisory Note:
While VIP strategies have performed well recently, some users may experience losses or trapped positions due to a lack of understanding of trend-based analyses. If you are facing such challenges, feel free to reach out for personalized assistance. For those considering joining the VIP program, a complimentary trial session is available to help you better understand the value of our services. Interested parties are encouraged to contact me directly.
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Please manage your risk carefully and avoid overleveraging.
Gold prices have reversed last week’s upward momentum as safe-haven sentiment continues to diminish. Positive developments in the Middle East have contributed to this shift, with Israel’s ambassador to the United States confirming that a ceasefire agreement with Lebanon’s Hezbollah could be reached within days. This news has triggered a significant retreat in safe-haven buying.
Meanwhile, the nomination of Scott Bassett as Treasury Secretary by U.S. President-elect Donald Trump has bolstered market stability, further improving risk appetite. Although U.S. Treasury yields have declined—a factor typically supportive of gold prices—the broader improvement in market sentiment has left gold under pressure. With bearish sentiment prevailing from the week’s outset, the gold market is now dominated by a clear downward trend.
Technical Analysis:
Gold prices have experienced a sharp pullback, with immediate support found near 2660. Key resistance is identified at the 2690 level, with the short-term ceiling at 2700. The technical outlook remains bearish, with limited prospects for a near-term reversal.
Trading Strategy for Today:
Recommendation: Enter short positions in the 2688-2691 range, with a stop loss above 2700.
Target Levels: First target at 2675, followed by 2665 for further downside potential.
Advisory Note:
While VIP strategies have performed well recently, some users may experience losses or trapped positions due to a lack of understanding of trend-based analyses. If you are facing such challenges, feel free to reach out for personalized assistance. For those considering joining the VIP program, a complimentary trial session is available to help you better understand the value of our services. Interested parties are encouraged to contact me directly.
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Please manage your risk carefully and avoid overleveraging.
Сделка активна
Brothers, shorting gold near 2688 has already made substantial profits, please stop profit on your own!Заметка
The lowest price of gold is 2776, and it has basically reached the take-profit position!Сделка закрыта: достигнута тейк-профит цена
Today's short order has been fully profitable!
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