Gold Prices Test Key Resistance Level Ahead of US Data

Gold prices rose to $4,507.56 per ounce, supported by a decline in US 10-year Treasury yields and geopolitical uncertainties in the Middle East, which boosted safe-haven demand. Market analysts highlight the $4,900 level as a significant resistance point for gold; a break above this level could trigger further upside. Ahead of the release of US employment data, which is expected to provide clues on the Fed's monetary policy, gold price movements are being closely monitored. Investors are watching whether gold prices will hold above the $4,500 support level in the short term and attempt a move toward the $4,900 resistance. This is not investment advice.

📊 GLD — Piyasa Yorumu

■ neutral · 60%

As gold prices test a critical resistance level, GLD shares present a technically weak outlook. Although the RSI is at 44, indicating a neutral zone, the MACD line remains below the signal line and in negative territory, suggesting weak short-term momentum. The price is trading below both the 20-day and 50-day moving averages, pointing to continued selling pressure. Uncertainty prevails ahead of U.S. data releases, resulting in no clear directional signal. A sideways movement can be expected in the short term.

RSI 14

43.9

MACD

-0.50

24h Δ

0.54%

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