Gold Hits Record High Amid US-China Trade Tensions

527
Gold Surges to Fresh Record

Gold extended its rally toward the $3,200 per ounce mark on Friday, hitting a new all-time high, supported by a weaker US dollar and increased demand for safe-haven assets amid escalating US-China trade tensions.

Technical Overview:
The price reached our previously mentioned target of 3191, broke through, and printed a new historical high at 3237.

Currently, as long as the price trades below 3219, a short-term correction toward 3191 is likely before starting a new bullish rally toward 3263.
However, a 1H or 4H candle close below 3191 will signal a bearish correction, targeting 3151.

Pivot Line: 3219
Support Levels: 3191 – 3151 – 3134
Resistance Levels: 3237 – 3263 – 3287

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.