GOLD - Finding Support?
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| GOLD Monthly Chart |
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| GOLD Weekly Chart |
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| GOLD Daily Chart |
Monthly Chart:
Refer to Gold monthly chart above. Gold has been in a strong uptrend since breaking out from a 4-year basing period in Mar 2024.
Weekly Chart:
Refer to Gold weekly chart above. For the last two weeks Gold has been declining after reaching a peak at 4381. It this a correction or a signal that the uptrend is ending? Let's look at the price movement against the MACD movement. You would notice that each time price made a higher high, MACD also made a corresponding higher high. This suggests the uptrend is likely to continue.
Daily Chart:
Refer to Gold daily chart above. Gold may have found support at 3944, which was the previous higher low. when it bounced off like a spring on 30 Oct 2025. What next for Gold? Looking at past price movement, Gold tends to consolidate sideways after profit taking. Will this take a few months or years?
Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.
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