Gold has been steadily rising since decisively crossing the all-time high of 2075 on March 1, 2024.
Disclaimer: This post does not recommend any trade. It aims to better understand the chart.
- The safe-haven commodity retracted after a long shadow candle on April 22, 2025, ending a year-long bull run.
- Gold is now in a parallel channel between 3120 (lower) and 3500 (higher).
- Consolidation may continue, with a bias towards profit booking.
- The 50 SMA acts as a strong support level, providing low-risk entry when prices dip below it.
- Gold should be part of a portfolio, but current prices seem high for investment. Traders can consider entering based on their risk-reward appetite, taking cues from the 50 SMA and parallel trend.
Disclaimer: This post does not recommend any trade. It aims to better understand the chart.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.