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GOLD SOARS TO NEW HEIGHTS: TRUMP’S TARIFF TUMBLE SPURS A METAL MANIA!
Gold is on FIRE! After the Trump Administration’s shocking move to appeal the Federal Court’s decision that blocked import tariffs, the precious metal is rallying like never before! We’re talking a sizzling 2.52% surge as buyers scramble to cash in on the chaos!
BULLS ON PARADE: A TECHNICAL GOLDMINE!
Get ready for some jaw-dropping charts! What once looked like a downward spiral for gold has transformed into a BULL FLAG—and it’s breaking out like a rockstar on stage! As prices rally high, both the 20 and 50-day moving averages are holding strong, giving this gold rush a boost.
The Daily RSI has bounced back from overbought territory and is now climbing, leaving plenty of room for more wild swings!
THE PRICE IS RIGHT: CAN GOLD SMASH THE $3,500 CEILING?
The gold rush isn’t slowing down! Prices are eyeing the resistance zone between $3,450 and $3,500. Hold on to your hats, because it’s about to get bumpy!
Four-Hour Chart Drama: Price action has turned decidedly bullish! After a sideways slide, the bullish momentum is BACK ON TRACK—like a freight train roaring down the tracks! The support levels are pushing the gold price higher, leaving bears in the dust!
MARK YOUR CALENDARS: BIG DATA COMING SOON!
But wait! This isn’t over yet! Attention turns to crucial employment data expected this week. Could it send the gold bulls charging—or bring the bears back? A strong report could shift the entire game. Buckle up, folks!
GOLD’S GLORIOUS GROWTH: WHAT TO WATCH
Key Levels on Four-Hour Chart:
- Support 1: $3,270 – $3,290
- Support 2: $3,200 – $3,225
- Support 3: $3,110 – $3,137
- Resistance 1: $3,367 – $3,380
- Resistance 2: $3,414 – $3,436
- Resistance 3: Hitting the $3,500 wall!
- Resistance 4: Eyes on $3,595 – $4,000 for the potential new all-time highs!
ONE-HOUR CHART: THE MOMENTUM OF GOLD
What’s the latest scoop? Gold’s captivating players with an Inverse Head & Shoulders pattern that could push prices towards $3,415 – $3,420! It seems like a tight bull channel is all about the green—almost exclusively bullish candles soaring high!
With prices essentially unchanged after a volatile session, all eyes are on whether gold can pierce through Resistance 1. If it forms a rejection here, we may see a bounce back to $3,336.
Fasten your seatbelts! Gold is on a wild ride, and you won’t want to miss a single twist and turn!
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