Gold Slips as Ceasefire Hopes Curb Safe-Haven Demand

Fundamental Analysis

Gold prices slipped on Tuesday, retreating from recent highs despite a weaker U.S. dollar and Moody’s downgrade of the U.S. credit outlook. The move came as geopolitical sentiment improved, following remarks from former U.S. President Donald Trump suggests that Russia and Ukraine may soon begin ceasefire negotiations.

Trump said he spoke with Russian President Vladimir Putin on Monday and relayed a proposed plan to Ukrainian President Volodymyr Zelenskiy, along with several EU leaders. The Kremlin responded cautiously, saying an agreement would take time, though President Putin noted peace talks were “generally on the right track.” The developments supported a mild shift in risk appetite, reducing demand for traditional safe-haven assets such as gold.

Despite underlying macroeconomic uncertainty, including weak U.S. economic data and rising credit concerns, gold’s upside remained capped as investors digested the potential for easing geopolitical tensions.

Technical Analysis – GOLD

GOLD, 4-Hour Chart:

Gold prices are under pressure, pulling back from resistance at $3240.00. Momentum indicators suggest a weakening bullish bias. The Relative Strength Index (RSI) has formed a death cross and is hovering at 49, below the neutral 50-level, indicating growing bearish sentiment. Similarly, the MACD shows fading upside momentum, with signals pointing to a potential correction.

Should the current bearish momentum persist, gold may decline toward the support zone near $3120.00, with further downside risk extending to $3050.00. Conversely, a rebound above $3240.00 would open the door for a retest of the $3355.00 level if sentiment shifts back in favor of safe-haven flows.

Resistance levels: 3240.00, 3355.00

Support levels: 3120.00, 3050.00

Risk Warning: Trading Contracts for Difference (CFDs) involves a high level of risk and may not be suitable for all traders. The use of leverage magnifies both potential profits and losses, meaning you could incur losses greater than your initial deposit. It is important to understand the risks involved and assess whether you can afford to lose your invested capital. When trading CFDs, you do not own the underlying assets and have no rights to them. Past performance is not indicative of future results. The information provided on this website is for general informational purposes only and does not constitute investment advice, recommendation, or solicitation to engage in any investment activities. It does not take into account your personal financial circumstances, investment objectives, or risk tolerance. Any interaction with this website is an individual and voluntary action on the part of the user. The content on this website should not be construed as an invitation to enter into or acquire PU Prime’s financial services and products. Under no circumstances shall the Company be held liable for any loss or damage, in whole or in part, arising from, or in connection with, any CFD trading activities. Please review the legal documents available on our website to ensure that you fully understand the risks associated with CFD trading. If necessary, seek independent advice from qualified professionals.

Regional Restrictions: This information on this website is not intended for distribution to, or use by, any person or entity who is a citizen or resident of certain jurisdictions, including, but not limited to, Singapore, the United States, China, and jurisdictions listed on the FATF “blacklist”, and the major global sanctions lists. It is also not intended for distribution or use in any jurisdiction where such distribution or use would violate local laws or regulations.

PU Prime is a trading name for multiple licensed entities operating across different jurisdictions, each authorised to provide specific financial services in accordance with local regulations. Upon registration, you will be assigned to the entity that corresponds with your location and complies with the applicable regulatory requirements. The entity you are registered with will govern your trading activities, which will be subject to the oversight and regulations of its respective regulatory authority. While these authorities have granted a securities or investment dealer license to the respective entity, they do not endorse the products offered.

PU Prime Limited is securities dealer authorised and regulated by the Financial Services Authority of Seychelles under License No. SD050, with its registered address at CT House, Office 9A, Providence, Mahe, Seychelles.

PU Prime Ltd is an investment dealer authorised and regulated by the Financial Services Commission of Mauritius under License No. GB23202672, with registered address at Suite 201 Level 2, The Catalyst, Cybercity Ebene, Mauritius.

PU Prime (Pty) Ltd is a financial service provider authorised and regulated by the Financial Sector Conduct Authority of South Africa under FSP No. 52218, with registered address at 37 Harley Street, Ferndale, Randburg, Gauteng 2194, South Africa.

PU Prime Trading Pty Ltd is an Australian financial services licensee authorised and regulated by the Australian Securities and Investments Commission of Australia under License No. 410681, with its registered address at Suite 103, Level 1, 17 Castlereagh St, Sydney, NSW 2000, Australia. For Australian clients who have onboarded through https://www.puprime.au, the product issuer is PU Prime Trading Pty Ltd.

Finzero Cap Ltd. is registered in the Republic of Cyprus under registration number HE414308. Its registered office is located at Archiepiskopou Makariou III, 160-1st floor, 3026, Limassol, Cyprus.

Gold Slips as Ceasefire Hopes Curb Safe-Haven Demand

Fundamental Analysis

Technical Analysis – GOLD

Comience a operar con una ventaja

Latest Posts

Abre una cuenta de manera rápida y sencilla

Registro

Deposita

Empieza a operar