Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Today, gold is rising, trading near the all-time high reached the previous day, amid growing uncertainty surrounding the US-China trade wars.
Gold is gaining ground today, remaining close to its record high reached earlier, as mounting uncertainty related to trade conflicts between the United States and China drives investors toward safe-haven assets. In times of economic instability, gold is traditionally seen as a safe store of value, which helps support its price.
Amid the current environment, expectations of a Federal Reserve rate cut in 2025 are also contributing to gold's strength. Lower interest rates reduce the opportunity cost of holding gold, making it more attractive to investors. However, some optimism caused by the temporary postponement of tariffs could limit further upside in gold prices, as this reduces pressure on the US dollar and dampens safe-haven demand.
From a technical standpoint, the $3200 level is a critical threshold. A stable hold below this level suggests the bullish trend remains intact. However, with the Relative Strength Index (RSI) nearing overbought territory, a short-term consolidation or correction may be required before further gains. Continued upward movement is likely to encounter strong resistance at the all-time high near the $3245 level.
Should gold prices fall below $3200, it could open up buying opportunities, with the $3169 level providing a reliable support zone. A break below this support would expose the price to further declines toward intermediate support at $3138, and possibly down to $3115 and $3100.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
