GOLD (XAUUSD) | Technical & Fundamental Outlook
Gold surged nearly 2%, reaching around 4790, as markets reacted positively to the U.S.–Iran ceasefire, easing inflation fears and reducing pressure from energy prices.
The decline in oil has shifted expectations, with markets now pricing a more stable rate outlook, supporting gold in the short term despite the broader high-rate environment.
Technically:
The market is currently showing bullish volatility, with potential for both continuation and short-term correction.
As long as price holds above 4797, the upside is expected toward 4827 → 4860 → 4893
However, a confirmed 15m or 1H close below 4782 would trigger a correction toward 4753 → 4730
Key Levels:
Pivot Line: 4788
Support: 4753 – 4730 – 4665
Resistance: 4827 – 4859 – 4893
previous idea
