{"id":121145,"date":"2026-07-07T09:54:55","date_gmt":"2026-07-07T07:54:55","guid":{"rendered":"https:\/\/insights.onequity.com\/?p=121145"},"modified":"2026-07-07T10:11:10","modified_gmt":"2026-07-07T08:11:10","slug":"rebote-del-oro-pierde-impulso","status":"publish","type":"post","link":"https:\/\/insights.onequity.com\/es\/rebote-del-oro-pierde-impulso\/","title":{"rendered":"Rebote del Oro Pierde Impulso"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">En el an\u00e1lisis anterior, el oro cotizaba cerca de <strong>4,150 d\u00f3lares<\/strong>, con un panorama t\u00e9cnico que apuntaba a mayores riesgos bajistas y la posibilidad de un movimiento hacia la zona de <strong>3,000 d\u00f3lares<\/strong>. Posteriormente, la presi\u00f3n vendedora se intensific\u00f3, llevando el precio hasta un m\u00ednimo de <strong>3,942 d\u00f3lares<\/strong>, antes de establecer una base alrededor de <strong>3,960 d\u00f3lares<\/strong> entre el 24 de junio y el 1 de julio.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Durante las \u00faltimas sesiones, el oro ha recuperado impulso. Al momento de redactar este informe, cotiza en <strong>4,123 d\u00f3lares<\/strong>, aunque registra una ca\u00edda del <strong>0.98%<\/strong> en la sesi\u00f3n.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Varios datos de inflaci\u00f3n resultaron ligeramente mejores de lo esperado, especialmente en la Eurozona y Australia. Sin embargo, el cambio m\u00e1s relevante ha sido la evoluci\u00f3n de la comunicaci\u00f3n de los principales bancos centrales.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">El alejamiento de la orientaci\u00f3n futura, firmemente promovido por el nuevo presidente de la Fed, <strong>Walsh<\/strong>, representa un cambio significativo frente al enfoque de pol\u00edtica monetaria de los \u00faltimos 15 a\u00f1os. Esta postura fue reforzada la semana pasada por importantes bancos centrales, incluidos el BCE, el BoE y el BoC, durante el foro de bancos centrales celebrado en Sintra, Portugal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">En el mismo evento, los responsables de pol\u00edtica monetaria reiteraron que la inflaci\u00f3n contin\u00faa siendo demasiado elevada y debe mantenerse bajo control, pese a la fuerte ca\u00edda de los precios del petr\u00f3leo. Este mensaje ya hab\u00eda quedado claro durante la \u00faltima reuni\u00f3n de la Fed y volver\u00e1 a estar en el centro de atenci\u00f3n cuando se publiquen las minutas del FOMC el mi\u00e9rcoles.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">En estas condiciones, podr\u00eda haberse esperado un aumento simult\u00e1neo de los rendimientos de los bonos del Tesoro estadounidense y las expectativas de inflaci\u00f3n de largo plazo. Sin embargo, los rendimientos nominales se mantuvieron relativamente estables, mientras que las expectativas de inflaci\u00f3n disminuyeron.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">El rendimiento del bono del Tesoro estadounidense a 10 a\u00f1os se encuentra apenas unos <strong>4 puntos b\u00e1sicos<\/strong> por encima del nivel registrado el 17 de junio, mientras que el rendimiento a 2 a\u00f1os ha bajado <strong>3 puntos b\u00e1sicos<\/strong>, hasta el <strong>4.135%<\/strong>. M\u00e1s importante a\u00fan, la tasa de inflaci\u00f3n impl\u00edcita a 10 a\u00f1os ha descendido del <strong>2.50%<\/strong> a mediados de mayo al <strong>2.24%<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Como resultado, los rendimientos reales de largo plazo, posiblemente la variable macroecon\u00f3mica con mayor correlaci\u00f3n inversa con el precio del oro, han continuado aumentando y actualmente se sit\u00faan cerca del <strong>2.26%<\/strong>, pr\u00f3ximos al extremo superior de su rango de los \u00faltimos tres a\u00f1os. Este entorno sigue siendo desfavorable para el oro.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>An\u00e1lisis T\u00e9cnico<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A pesar de la reciente recuperaci\u00f3n, el rebote todav\u00eda parece ser de car\u00e1cter t\u00e9cnico, m\u00e1s que el inicio de una nueva tendencia alcista.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">En el gr\u00e1fico de cuatro horas, el RSI presenta una divergencia alcista desde el 10 de junio, cuando el oro cotizaba cerca del nivel clave de <strong>4,360 d\u00f3lares<\/strong>. Esta divergencia contribuy\u00f3 a establecer la consolidaci\u00f3n alrededor de <strong>3,960 d\u00f3lares<\/strong> durante la segunda mitad de junio, tras un prolongado per\u00edodo de sobreventa.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"850\" height=\"550\" src=\"https:\/\/insights.onequity.com\/wp-content\/uploads\/2026\/07\/07Jul-Gold.png\" alt=\"\" class=\"wp-image-121127\" srcset=\"https:\/\/insights.onequity.com\/wp-content\/uploads\/2026\/07\/07Jul-Gold.png 850w, https:\/\/insights.onequity.com\/wp-content\/uploads\/2026\/07\/07Jul-Gold-300x194.png 300w, https:\/\/insights.onequity.com\/wp-content\/uploads\/2026\/07\/07Jul-Gold-768x497.png 768w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><figcaption class=\"wp-element-caption\"><strong><em>Oro, 4H | 2026<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">La l\u00ednea de tendencia descendente contin\u00faa limitando el avance del precio y actualmente se sit\u00faa cerca de <strong>4,260 d\u00f3lares<\/strong>. Solo un movimiento sostenido por encima de este nivel mejorar\u00eda el panorama t\u00e9cnico.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">En el gr\u00e1fico diario, la media m\u00f3vil de 21 d\u00edas se encuentra alrededor de <strong>4,146 d\u00f3lares<\/strong>, cerca del precio actual, mientras que la media m\u00f3vil de 50 d\u00edas permanece considerablemente m\u00e1s arriba, en <strong>4,381 d\u00f3lares<\/strong>. Incluso si el oro supera la l\u00ednea de tendencia descendente, todav\u00eda enfrentar\u00eda la resistencia de la media m\u00f3vil de 50 d\u00edas y del nivel clave de <strong>4,360 d\u00f3lares<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">El RSI diario se ha recuperado hasta <strong>45<\/strong>. Aunque permanece en terreno bajista, ya no se encuentra en sobreventa, dejando margen para nuevas ca\u00eddas. Al mismo tiempo, el impulso ya no presenta niveles suficientemente extremos como para respaldar una perspectiva bajista agresiva.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">En conjunto, los repuntes contin\u00faan consider\u00e1ndose oportunidades de venta. El panorama solo se volver\u00eda m\u00e1s constructivo si el oro supera las principales resistencias t\u00e9cnicas se\u00f1aladas anteriormente.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Aunque no se incluye un gr\u00e1fico de largo plazo en este an\u00e1lisis, el objetivo bajista de mediano a largo plazo permanece en el rango de <strong>3,300 a 3,600 d\u00f3lares<\/strong>. Los fundamentos t\u00e9cnicos de esta perspectiva se analizar\u00e1n con mayor detalle durante las pr\u00f3ximas semanas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>En el an\u00e1lisis anterior, el oro cotizaba cerca de 4,150 d\u00f3lares, con un panorama t\u00e9cnico que apuntaba a mayores riesgos [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":113481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[863],"tags":[4595,4380,3991,4631,4021],"class_list":["post-121145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-technical","tag-analisis-tecnico","tag-onequity-insights","tag-oro","tag-reserva-federal","tag-xauusd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - 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