{"id":5474,"date":"2025-07-28T12:50:55","date_gmt":"2025-07-28T09:50:55","guid":{"rendered":"https:\/\/31-preview.freshtone.ru\/gold-rebounds-toward-3400-supported-by-ascending-trend-line\/"},"modified":"2025-07-28T12:50:55","modified_gmt":"2025-07-28T09:50:55","slug":"gold-rebounds-toward-3400-supported-by-ascending-trend-line","status":"publish","type":"post","link":"https:\/\/31-preview.freshtone.ru\/en\/gold-rebounds-toward-3400-supported-by-ascending-trend-line\/","title":{"rendered":"Gold rebounds toward $3400 supported by ascending trend line"},"content":{"rendered":"

Last week, gold prices<\/a> hit a new monthly high, testing the $3,430<\/strong> level before pulling down. The pullback, however, found a solid foundation at the medium-term ascending trend line, where buyers were actively accumulating positions at favorable terms. This key trend line continues to serve as a strong support, reinforcing the potential for another upward push to $3,400<\/strong> or $3,430<\/strong> resistance levels.<\/p>\n

<\/p>\n

The 50-day moving average, which now coincides with the rising trend line, further strengthens the chances of a rebound. In recent months, any dips below this level have been quickly bought up, typically within the next trading session. Although gold has not surpassed its all-time highs from April, bearish momentum is limited to short-lived downward spikes. The metal\u2019s resilience stems from its fundamental appeal as a safe-haven asset.<\/p>\n

<\/p>\n

Monday’s trading session underscores this dynamic. Despite the newly signed US-EU commercial deal, which would typically dampen demand for defensive assets, gold has held steady. The unresolved US-China trade dispute continues to loom large, with officials from both sides meeting today in Stockholm. Bloomberg sources claim that a breakthrough agreement appears unlikely. Instead, negotiations could extend another three months, thus prolonging market uncertainty\u2014a scenario that favors the metal\u2019s role as a hedge against volatility.<\/p>\n

<\/p>\n

Recent data from the China Gold Association (CGA) underscores the enduring popularity of bullions. In the first half of the year, demand for bars and coins surged by 23.7%, reaching over 264 tons. Although high prices caused a 26% drop in jewelry consumption, this fall was offset by strong market activity, including direct investor purchases, ETF inflows, and continued reserve accumulation by the People’s Bank of China (PBoC).\u00a0<\/p>\n

<\/p>\n

On the daily chart, the Stochastic <\/strong>Oscillator is nearing oversold territory, hinting at a potential buy signal in the near future. If bullish momentum returns, the primary upside targets will be the key resistance levels at $3400 <\/strong>and $3430<\/strong>.<\/p>\n

<\/p>\n

<\/p>\n

Here’s a trading strategy to consider:<\/p>\n

<\/p>\n

Buy gold at the current price. Take profit 1: $3,400. Take profit 2: $3,430.Stop loss: $3,280.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Market analysis by financial analysts and experienced traders. Forecast for Gold.<\/p>\n","protected":false},"author":1,"featured_media":5473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-5474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-forecasts"],"translation":{"provider":"WPGlobus","version":"2.12.2","language":"en","enabled_languages":["ru","en"],"languages":{"ru":{"title":true,"content":true,"excerpt":true},"en":{"title":false,"content":false,"excerpt":false}}},"yoast_head":"\r\nGold rebounds toward $3400 supported by ascending trend line - Ciraxes<\/title>\r\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Gold rebounds toward $3400 supported by ascending trend line - 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