On Monday (September 1), spot gold prices surged sharply, with prices approaching record highs as doubts over the Federal Reserve’s independence and tariff uncertainties boosted safe-haven demand.
Gold extended its recent rally as market participants believed the White House’s response could undermine the Fed’s independence, raising concerns over monetary policy stability. In addition, the U.S. Court of Appeals ruled that most tariffs are illegal, which will keep market uncertainty elevated and enhance gold’s appeal.
Given the current situation, if buying momentum continues, gold could rise above $3,500/oz. Once this level is broken, the next resistance lies at $3,550/oz and $3,600/oz. Conversely, if gold falls below the June 16 high of $3,452/oz (now acting as support), prices could retreat toward the July 23 high of $3,438/oz. A further decline could push gold down to $3,400/oz.
Spot gold closed up $29.05, or 0.84%, at $3,476.31/oz.
Trading suggestion: After touching a daily low of $3,436.7, gold rebounded strongly. Breaking last week’s high, prices reached as high as $3,490 before consolidating. The daily candle eventually closed at $3,476.5, forming a bullish candlestick with a slightly longer upper shadow. Today’s outlook favors continued upward movement on pullbacks.
Trading strategy: Buy near 3,463, SL 3,456, TP 3,472–3,500.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.