BTC $64,817.00 ▲ 1.14% ETH $1,911.70 ▲ 2.33% USDT $0.9990 ▼ 0.03% BNB $594.55 ▼ 0.81% XRP $1.06 ▼ 0.96% SOL $73.85 ▼ 0.17% DOGE $0.0698 ▲ 0.07% SHIB $0.00000481 ▼ 1.49% PEPE $0.00000283 ▼ 1.15% BTC $64,817.00 ▲ 1.14% ETH $1,911.70 ▲ 2.33% USDT $0.9990 ▼ 0.03% BNB $594.55 ▼ 0.81% XRP $1.06 ▼ 0.96% SOL $73.85 ▼ 0.17% DOGE $0.0698 ▲ 0.07% SHIB $0.00000481 ▼ 1.49% PEPE $0.00000283 ▼ 1.15%
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Piyasa Regülasyon

Will gold continue to rise? What price levels might it reach?

Will gold continue to rise? What price levels might it reach?


Gold is currently in a phase of strong upward momentum. While timing the entry for long positions can be challenging, we managed to secure substantial profits yesterday by shorting gold at the resistance zone. This success highlights the importance of accurately gauging the trend; we have now achieved three consecutive days of profitable trades, all executed smoothly and with ease.

Looking at today's market, gold surged significantly during the Asian trading session. Although it experienced a slight pullback after breaking the $4,300 mark, the overall bullish trend remains intact. This short-term retracement serves as a correction to the rapid rise and helps build momentum for further gains.

For short-term traders, there are a few key points to consider:
1. With the trend turning bullish, going long on gold at lower levels remains the primary strategy.
2. The downside support zone lies around the 4,250 level, which corresponds to the base of the largest bullish candle formed during today's Asian session.
3. The upside resistance zone is located between 4,310 and 4,330; this area also marks the peak of a previous significant pullback.

Therefore, today we will focus on the 4,240–4,250 support zone and the 4,310–4,330 resistance zone.

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