📊 Market Overview
Gold dropped to the $3311/oz zone (near a technical bottom) and then rebounded, currently trading around $3319/oz. This indicates buying interest emerging at a key support, while overall market sentiment remains cautious ahead of Fed signals.
📉 Technical Analysis
• Near-term resistance: $3325 and $3335
• Near-term support: $3310 and $3300
• The rebound from $3311 shows that the $3310 level is acting as strong short-term support.
• EMA20 on H1 still points downward, indicating selling pressure remains, but RSI shows an oversold condition, signaling a potential short-term technical rebound.
🔎 Outlook
In the short term, gold is likely to range between $3310 – $3330. Holding above $3310 could allow price to retest $3325 – $3335. If $3310 breaks, the decline could extend toward $3300.
🎯 Suggested Trading Strategy
🔺 BUY XAU/USD
Entry: 3300 – 3297
🎯 TP: 40 / 80 / 200 pips
🛑 SL: 3394
🔻 SELL XAU/USD
Entry: 3327 – 3330
🎯 TP: 40 / 80 / 200 pips
🛑 SL: 3333
Gold dropped to the $3311/oz zone (near a technical bottom) and then rebounded, currently trading around $3319/oz. This indicates buying interest emerging at a key support, while overall market sentiment remains cautious ahead of Fed signals.
📉 Technical Analysis
• Near-term resistance: $3325 and $3335
• Near-term support: $3310 and $3300
• The rebound from $3311 shows that the $3310 level is acting as strong short-term support.
• EMA20 on H1 still points downward, indicating selling pressure remains, but RSI shows an oversold condition, signaling a potential short-term technical rebound.
🔎 Outlook
In the short term, gold is likely to range between $3310 – $3330. Holding above $3310 could allow price to retest $3325 – $3335. If $3310 breaks, the decline could extend toward $3300.
🎯 Suggested Trading Strategy
🔺 BUY XAU/USD
Entry: 3300 – 3297
🎯 TP: 40 / 80 / 200 pips
🛑 SL: 3394
🔻 SELL XAU/USD
Entry: 3327 – 3330
🎯 TP: 40 / 80 / 200 pips
🛑 SL: 3333
Trade active
Gold is testing the 3325–3330 resistance zone; if it fails to break through, it may retreat to 3315–3310.Trade closed: target reached
Gold has risen to 3343, approaching the 3345–3347 resistance; failure to break may trigger a pullback, while a breakout could extend toward 3355–3360.
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💡 Technical breakdowns & market outlooks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 Forex | Gold | Crypto Market Insights & Signals
📰 Real-time news updates & expert analysis
📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.