XAUUSD – Bearish Momentum Below 3329 Ahead of US-China TalksOverview:
Gold remains under bearish pressure as markets await the outcome of the upcoming call between U.S. President Trump and China’s President in London. The event is contributing to uncertainty and risk-off sentiment, favoring downside momentum.
Technically, price action remains weak while trading below the pivot level at 3329. A confirmed 1H close below 3311 would likely extend the bearish move toward 3292 and 3275.
On the other hand, a 1H or 15-minute close above 3329 could trigger a bullish correction toward 3347.
A confirmed break above 3347 would shift the trend toward a more sustained uptrend, targeting 3366 and 3404.
Key Levels:
Pivot: 3329
Support: 3311, 3292, 3275
Resistance: 3347, 3366, 3404
Trade active
GOLD | OVERVIEWThe price maintains a bearish trend as long as it trades below the resistance zone between 3339 and 3347. If the price remains below this zone, it is expected to decline toward the support levels at 3303, and potentially further to 3289.
However, a breakout above 3347 with a 1-hour candle close and stability above this level would shift the trend to bullish, targeting 3366.
• Pivot Line: 3339
• Support Levels: 3318, 3303, 3289
• Resistance Levels: 3347, 3351, 3366
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.