📊 Market Overview:
• Gold is currently trading around $3,350/oz, with the daily high at $3,366/oz.
• The rally stalled as traders took profits near the session high, while a slight rebound in the USD and rising U.S. Treasury yields weighed on gold’s momentum.
📉 Technical Analysis:
• Key Resistance: ~$3,366 (today’s high), with next level at ~$3,375–3,380 if breached.
• Nearest Support: ~$3,342 (intra-day low), stronger support seen at $3,329–3,330.
• EMA 9/21: Price is hovering near the EMA21 (~$3,350); this area is crucial to determine the short-term trend.
• Candle/Momentum Indicators:
o RSI is around 53-55, signaling a neutral stance;
o MACD shows weakening bullish momentum after hitting resistance.
📌 Viewpoint:
Gold may see a minor pullback in the short term, possibly testing the $3,342–3,329 zone after reacting to the daily high. However, if it holds above EMA21 and EMA50, the medium-term bullish trend remains intact.
💡 Suggested Trading Strategy
SELL XAU/USD at: $3,363–3,366
🎯 TP: 40/80/200 pips
❌ SL: $3,370
BUY XAU/USD at: $3,329–3,332
🎯 TP: 40/80/200 pips
❌ SL: $3,325
• Gold is currently trading around $3,350/oz, with the daily high at $3,366/oz.
• The rally stalled as traders took profits near the session high, while a slight rebound in the USD and rising U.S. Treasury yields weighed on gold’s momentum.
📉 Technical Analysis:
• Key Resistance: ~$3,366 (today’s high), with next level at ~$3,375–3,380 if breached.
• Nearest Support: ~$3,342 (intra-day low), stronger support seen at $3,329–3,330.
• EMA 9/21: Price is hovering near the EMA21 (~$3,350); this area is crucial to determine the short-term trend.
• Candle/Momentum Indicators:
o RSI is around 53-55, signaling a neutral stance;
o MACD shows weakening bullish momentum after hitting resistance.
📌 Viewpoint:
Gold may see a minor pullback in the short term, possibly testing the $3,342–3,329 zone after reacting to the daily high. However, if it holds above EMA21 and EMA50, the medium-term bullish trend remains intact.
💡 Suggested Trading Strategy
SELL XAU/USD at: $3,363–3,366
🎯 TP: 40/80/200 pips
❌ SL: $3,370
BUY XAU/USD at: $3,329–3,332
🎯 TP: 40/80/200 pips
❌ SL: $3,325
Trade active
active signal SELLTP : +60 pips
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📈 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.