XAUUSD Fundamental Insight:
Gold remains elevated after Monday’s rally, supported by safe-haven demand amid geopolitical tensions, tariff fears, and rising U.S. debt concerns.
Despite a slight pullback to $3,382.0, demand is also being fueled by signs of increased Chinese gold imports, with Swiss exports to China reaching an 11-month high in April.
Technical Outlook:
Gold maintains bullish momentum as long as it trades above the pivot zone at 3351–3347. Holding this level may extend the rally toward 3376, with further upside potential to 3404 and 3431.
A break below 3347 could shift short-term sentiment to bearish, targeting 3329 and potentially 3307.
Pivot Line: 3351
Resistance: 3376, 3404, 3431
Support: 3329, 3307, 3302
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.
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.