The price of gold rises by 28 % to record 3221 dollars, as it feeds the disturbances of the market.
- summary:
- The price of gold rises by 28 % to a record number $ 3,221, amid commercial war concerns and interest rates. Is Xau/USD as sustainable or near fatigue?
Gold (Xau/USD) exploded to the highest new level ever at 3221.36 dollars, crowned by a 28 % decrease in the jaw. With global markets rocked the tensions of renewable trade war and increasing speculation about aggressive discounts in the Federal Reserve rate, investors are sealed in safe havens – and gold leads these fees clearly.
The yellow metal regained its argument as the final trade of fear, as it erupted with the condemnation, as the geopolitical risks of a mountain and the policy of the central bank tend. But after this vertical step, is this gathering excessive?
Gold price scheme: momentum, unnecessary
The golden graph is now located in an equivalent area, where it breaks the 3,100 dollar barrier easily. The bulls remain firmly controlling, but the indicators are overwhelmed by a warning that correcting the slowdown or in the short term may be close.
Golden technical analysis
- Current price: 3,221.36 dollars
- Next Resistance: Nothing – The price in the discovery mode
- Support area 1: 3,100.00 dollars – The last penetration level
- Support area 2: 2,980.00 dollars – the last key swinging base
- RSI (14): 68.07 – approaching the peak region
- MACD: Strong bullish crossings, rising graph
- Momentum: It is still accelerating, but vertical moves are often correct
Expectations: Prices cut and purchase of panic pushes gold to the maximum
The gold issue remains convincing: the stumbling of economic data, central banks storing gold, global tensions, and weak dollar expectations. But technically, this step has become crowded.
As long as Xau/USD exceeds $ 3,100, the course of resistance remains the least. It is possible to attract a short -term decline to $ 2,980. However, if the momentum kiosks are near $ 3,250, merchants must prepare for fluctuation or profit.
