Gold Consolidates Near $4,280 As Accumulation Continues
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Traders Union560 FollowersFollow5ShareSavePlay(6min)CommentsSummaryGold holds near $4,280 as higher lows and rising EMAs reinforce the broader uptrend.Fed easing expectations and liquidity support continue to compress real yields.Shallow pullbacks and steady momentum signal accumulation rather than exhaustion. e-crow/iStock via Getty Images By Parshwa Turakhiya Gold is holding its ground near $4,280 per ounce on Friday, consolidating close to a seven-week high as the broader trend remains firmly constructive. After a strong advance through late summer and early autumn, the metalThis article was written byTraders Union560 FollowersFollowTraders Union is a leading financial portal dedicated to empowering traders and investors with essential information to maximize their success in the financial markets. Its mission is to create a trusted platform where users can easily access comprehensive details about the top brokerage firms offering the most favorable and seamless trading conditions. Founded in 2010, Traders Union was built on the idea of providing thorough and unbiased reviews of international forex brokers, along with high-quality content covering global trading and investment trends. Traders Union saves time and effort by making the process of selecting a reliable broker hassle-free. With the Traders Union Broker Rating, users have all the data needed to make well-informed decisions, eliminating the need for endless research and review reading.Quick InsightsWhat technical signals reinforce gold’s current bullish trend?Gold trades well above rising 20-, 50-, 100-, and 200-day EMAs, with daily RSI near 68 and higher lows, indicating strong momentum and trend continuation.How do macroeconomic factors currently support gold’s price action?Expectations of U.S. monetary easing, labor market softness, Fed liquidity injections, and compressed real yields create a favorable environment for gold’s continued strength.What are the key levels to monitor for risk and upside in gold?Support is at $4,240–$4,250 and $4,180; a close above $4,300 could trigger further upside, while a break below support would signal momentum deterioration.Recommended For You