Gold Rebounds as Trade War Intensify | Metals Mine

  • Gold Rebounds as Trade War Intensify

    From puprime.com

    Gold prices rebounded sharply as the U.S. dollar weakened and concerns over global growth intensified. A combination of disappointing U.S. inflation data and rising fears of an escalating trade war boosted safe-haven demand. Expectations of potential interest rate cuts by the Federal Reserve have also enhanced gold’s appeal as a hedge against both inflationary and geopolitical risks. Technically, gold is trading higher after breaking above a key resistance level. MACD indicates slowing bullish momentum, while RSI stands at 69, approaching overbought territory and suggesting a possible consolidation or pullback. If ... (full story)

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Parthsojitra
Apr 14, 2025 3:27am
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Technically gold is trading higher. If bullish momentum continues, gold may rise toward the next resistance level of 3280.00 or 3300+ in early may. However, if upside momentum weakens, prices could retrace toward the support level at 3210. however if ressesion occure gold price going to risen more.
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