GOLD:It Will Continue to Maintain its Status as a Safe-haven Asset
$Gold - main 2508(GCmain)$ $XAU/USD(XAUUSD.FOREX)$ Technical Analysis: D1 Chart, Gold prices are currently consolidating above the 20-day moving average (3,300 USD), with the overall trend still leaning towards an uptrend. The Relative Strength Index (RSI) is hovering above 60 and has not entered the overbought zone, indicating that prices have further room to rise.
If the gold price holds above the 3,300 support level, it may test the 3,355 resistance level; a break above this level would strengthen the medium-term upward momentum. The key support level is near the 50-day moving average, around the 3,260 USD area.
Although the gold market has experienced a technical correction in the short term, it will continue to maintain its status as a safe-haven asset amid ongoing uncertainty over U.S. trade policy and complex geopolitical tensions. Keep an eye on U.S. developments around 9 July. If negotiations break down or tariffs are implemented as scheduled, safe-haven demand will quickly drive gold prices higher.
Watch the 3,300 support level and the 3,320-22 resistance area! I will post real-time signals here as soon as they become available!
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