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First Potential Pullback After BreakoutSince the breakout to new record highs on September 2, gold has shown almost uninterrupted strength, with only one prior one-day pullback before momentum quickly resumed. A similar recovery is possible again, but price behavior now suggests the market may be ready for a deeper pullback or consolidation. The advance from the $3,311 swing low to Tuesday’s high represented an 11% gain, or $363, over just 14 trading sessions — a steep rise that increases the odds of furthe ...

EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...

EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...

EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...

Core Viewpoint - The gold market is currently at a critical juncture, with potential bearish signals if it breaks below key support levels, while also holding the possibility for bullish reversals if certain resistance levels are breached [1][2][3][4] Price Levels and Technical Analysis - A decisive break below the triangle's lower boundary would trigger a bearish signal, requiring further weakness through the higher swing low at $3,268 for confirmation [1] - If the price closes below $3,268, it would set up a test of the May swing low at $3,121, which also coincides with a 38.2% Fibonacci retracement level at $3,149 from April's record high of $3,500 [1] - Should $3,121 fail to hold, increased volatility is expected, as failed consolidation patterns can lead to extended moves, with the 200-Day moving average at $3,043 being the next major downside target [2] Market Sentiment and Potential Scenarios - While bearish risks are prevalent in the short term, traders should be cautious of potential false breakdowns, which could lead to renewed bullish momentum if the price reverses back into the triangle [3] - A breakout above the $3,439 swing high would confirm a reversal and signal a return to the longer-term uptrend [3] Overall Market Outlook - Until gold decisively breaks beyond the symmetrical triangle boundaries, momentum is likely to remain muted, with bears currently controlling the short-term picture [4] - Key levels to watch for the next decisive move are $3,268 on the downside and $3,439 on the upside [4]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in relation to investments and financial instruments [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].

Core Viewpoint - Gold's recent advance to $3,409 indicates a strong bullish momentum, positioning it near the upper boundary of a symmetrical triangle pattern formed after a significant rally from the April low of $2,866 to a record high of $3,500, representing an increase of $543 or 18.4% [1][2]. Price Levels and Breakout Potential - A weekly close above $3,409 would confirm the bullish strength and keep the breakout scenario alive, while failure to maintain above this level could lead to a pullback [2]. - The critical resistance level for a triangle breakout is at $3,439, which could lead to testing the record high of $3,500. A sustained move above $3,500 could target new highs, with projections of $3,811 based on the July swing low of $3,268 and $3,623 using the triangle's height [3]. - On the downside, potential pullbacks could test support levels near the 20-day and 50-day moving averages at $3,355 and $3,350, respectively, forming a key support zone [4]. Trading Outlook - Traders should monitor the $3,439 resistance level for confirmation of a breakout, with a decisive close above this level indicating bullish continuation towards $3,500 and potentially $3,623–$3,811 [5]. - A rejection at the triangle's upper trendline could lead to a pullback towards $3,353–$3,347, where aggressive traders may look for buying opportunities [5]. - The upcoming sessions are critical in determining whether gold will break out to new highs or continue to consolidate within the triangle pattern [5].

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to perform their own research and consider their financial situation before making decisions [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to understand how these instruments work and the associated risks before investing [1].