📊 Market Brief
Gold prices remain firm above the 20-day EMA and 50-day MA, reflecting increased safe-haven demand amid ongoing trade tensions and growing expectations of a Fed rate cut.
The price is currently testing the resistance area around $3,400/oz, while immediate support lies in the $3,320–$3,330/oz range.
📉 Technical Analysis
• Key Resistance:
- $3,400
- Followed by: $3,420–$3,435
• Nearest Support:
$3,320–$3,330
- If broken, next levels are $3,300–$3,268
• EMA Position:
- Gold remains above both the 20-day EMA and 50-day MA, indicating a short-term uptrend
• Patterns & Momentum:
- RSI ~54 (neutral), MACD positive – indicating underlying bullish momentum
- EMA 8/21 crossover is turning upward, signaling short-term bullish reversal potential
📌 Outlook
Gold may continue rising modestly if it holds above the $3,320–$3,330 support zone and successfully breaches the $3,400 resistance. However, a break below $3,320 could lead to a test of $3,300 or even $3,268.
💡 Suggested Trading Strategy
SELL XAU/USD : $3,395–$3,3400
o 🎯 TP: 40/80/200 pips
o ❌ SL: ~$3,405
BUY XAU/USD :$3,325–$3,330
o 🎯 TP: 40/80/200 pips
o ❌ SL: ~$3,320
Gold prices remain firm above the 20-day EMA and 50-day MA, reflecting increased safe-haven demand amid ongoing trade tensions and growing expectations of a Fed rate cut.
The price is currently testing the resistance area around $3,400/oz, while immediate support lies in the $3,320–$3,330/oz range.
📉 Technical Analysis
• Key Resistance:
- $3,400
- Followed by: $3,420–$3,435
• Nearest Support:
$3,320–$3,330
- If broken, next levels are $3,300–$3,268
• EMA Position:
- Gold remains above both the 20-day EMA and 50-day MA, indicating a short-term uptrend
• Patterns & Momentum:
- RSI ~54 (neutral), MACD positive – indicating underlying bullish momentum
- EMA 8/21 crossover is turning upward, signaling short-term bullish reversal potential
📌 Outlook
Gold may continue rising modestly if it holds above the $3,320–$3,330 support zone and successfully breaches the $3,400 resistance. However, a break below $3,320 could lead to a test of $3,300 or even $3,268.
💡 Suggested Trading Strategy
SELL XAU/USD : $3,395–$3,3400
o 🎯 TP: 40/80/200 pips
o ❌ SL: ~$3,405
BUY XAU/USD :$3,325–$3,330
o 🎯 TP: 40/80/200 pips
o ❌ SL: ~$3,320
Trade active
If the bullish trend continues, gold could break above the $3,390 zone and target the next key resistance at $3,420–$3,435 in the short term.Trade closed: target reached
If gold holds above $3,392, prioritize buying with the trend;If it breaks below this level, look for short-term sells toward $3,380.
📊 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.
📊 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.