यह भी देखें
29.05.2025 09:49 AMGold prices remain under pressure due to the initiation of legal proceedings in the U.S. and the strengthening of the U.S. dollar in the Forex market. It appears that a significant number of market participants are betting that Trump's battle with the "deep state" may ultimately fail, which would noticeably ease global tensions and boost demand for risk assets. Consequently, demand for safe-haven assets—gold being one of them—could decline.
From a technical perspective, gold continues to trade within a short-term downtrend and, given recent developments in the U.S., could decline toward the lower boundary of the trend at 3080.00.
The price is currently below the midline of the Bollinger Bands and below the SMA 5 and SMA 14. RSI is below the 50% level, and Stoch is also in bearish territory.
I believe gold prices may continue to decline towards the intermediate level of 3213.40. A potential selling entry point could be at 3273.50.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
