📊 Market Overview:
Spot gold is trading around $3,295–$3,301/oz, influenced by slightly lower U.S. Treasury yields and a softer dollar tone. Analyst consensus from Reuters projects gold likely to stay above $3,220/oz through 2025 and possibly hit $3,400 in 2026 amid continued safe-haven demand
📉 Technical Analysis:
• Key resistance: $3,320 / $3,345
• Closest support: $3,274 – $3,280
• EMA09: Price is currently below the 9 period EMA on H1, indicating a short-term bearish bias.
• Candlestick / volume / momentum: There was a minor bounce from the support zone around $3,274, but volume remains low. RSI isn't oversold, suggesting room for technical pullback.
📌 Outlook:
Gold may experience a technical rebound if it holds above $3,280. A breakout above $3,320 would likely require clear catalyst—such as weak U.S. data or a dovish Fed tone.
💡 Suggested Trading Strategy:
SELL XAU/USD: $3,320 – $3,323
🎯 TP: 40/80/200 pips
❌ SL: $3,326
BUY XAU/USD: $3,279 – $3,282
🎯 TP: 40/80/200 pips
❌ SL: $3376
Spot gold is trading around $3,295–$3,301/oz, influenced by slightly lower U.S. Treasury yields and a softer dollar tone. Analyst consensus from Reuters projects gold likely to stay above $3,220/oz through 2025 and possibly hit $3,400 in 2026 amid continued safe-haven demand
📉 Technical Analysis:
• Key resistance: $3,320 / $3,345
• Closest support: $3,274 – $3,280
• EMA09: Price is currently below the 9 period EMA on H1, indicating a short-term bearish bias.
• Candlestick / volume / momentum: There was a minor bounce from the support zone around $3,274, but volume remains low. RSI isn't oversold, suggesting room for technical pullback.
📌 Outlook:
Gold may experience a technical rebound if it holds above $3,280. A breakout above $3,320 would likely require clear catalyst—such as weak U.S. data or a dovish Fed tone.
💡 Suggested Trading Strategy:
SELL XAU/USD: $3,320 – $3,323
🎯 TP: 40/80/200 pips
❌ SL: $3,326
BUY XAU/USD: $3,279 – $3,282
🎯 TP: 40/80/200 pips
❌ SL: $3376
Trade active
Price broke above $3309 but failed to hold, quickly reversing back to $3305 → indicating a potential false breakout. If a confirmation candle appears, this could be a strong SELL opportunity.Trade closed: target reached
Gold experienced a technical rebound as expected and continued to decline following the news.
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📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
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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.