GOLD - Finding Support?
GOLD Monthly Chart GOLD Weekly Chart 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? Disclaimer: Trading and investment involves risk, including possible loss...
