See also
02.07.2025 06:58 PM
Gold is trading around 3,346, bouncing off the 200 EMA and around the top of the downtrend channel. This has become a support.
Gold could be preparing for a new bullish sequence, so as the price consolidates above 3,325 or 3,312. Any technical rebound will be seen as a buying signal, with a short-term target at 8/8 Murray, located at 3,437.
At current price levels, we could look for buying opportunities. However, we must keep in mind that 7/8 Murray represents resistance, and it is likely that gold could correct again after reaching this level.
A consolidation above 3,360 on the H4 chart could lead to a new bullish cycle. Hence, the instrument coud quickly reaching the 8/8 Murray at 3,437.
The Eagle indicator is showing a positive signal, so any pullback will be seen as a buy signal as long as the price remains above both moving averages.
Our new app for your convenient and fast verification
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
