Gold Intraday: Target 4.297
Ana senaryo: As long as the 4.386 pivot resistance holds, we expect downward pressure to continue; initially targeting 4.297, and if broken, 4.276.
Alternatif senaryo: A daily close above 4.386 invalidates the pressure and could move the price to the 4.421-4.442 resistance band.
Yorum: Technically, the RSI is in the neutral-weak zone at 45,21, and the MACD is running negative below the signal line at -3,73; the price stays below the 20 and 50-period averages, confirming the short-term bearish structure. On the fundamental side, the picture is mixed: the US 10-year treasury yield remaining strong around %4,71 and the resilient trend in the dollar index have been a pressure factor on spot gold for weeks; however, the loss of risk appetite triggered by the sell-off in Asian stock markets stemming from the chip sector could limit a possible sharp downward move due to safe-haven demand. From a trader's perspective, it makes sense to maintain the bearish scenario as the main scenario without seeing a sustained daily close above 4.386.
This content is for general information purposes and is not investment advice.
