Gold price leans on the support of its simple moving average -Analysis-04-07-2025

2025-11-10 15:45

The (Gold) price rose in its last intraday trading, due to its lean on the support of EMA50, providing some positive momentum, accompanied by reaching the current support at $3,330, after its decline in yesterday’s trading, in attempt to gain the required momentum to return to the bullish track again, especially with its exit from the range of a bearish correctional channel that limited its previous trading on the short-term basis.

Noticing the reach of the (RSI) to exaggerated oversold levels, which reinforces the possibilities for a bullish technical rebound in the upcoming intraday basis.

Therefore, our expectations suggest a rise in the (Gold) prices in the upcoming intraday trading, if it settles above $3,330 to target the resistance level of $3,390.

The expected trading range is between $3,295 support and $3,390 resistance.

Share to:

This content is for informational purposes only and does not constitute investment advice.

smart contracts spacepay Plasma price Plasma

Curated Series

SuperEx Popular Science Articles Column

This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.

Unstaked related news and market dynamics research

Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.

XRP News and Research

This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.

How do beginners trade options?How does option trading work?

This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.

What are the risks of investing in cryptocurrency?

This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.