📊 Market Developments:
Gold hit an all-time high around $3 508/oz before easing to about $3 494/oz, driven by a weaker U.S. dollar and growing expectations for a Fed rate cut in September. Markets are pricing in roughly a 90% probability of a rate cut this month.
📉 Technical Analysis:
• Resistance: $3 500 – $3 525 – $3 560
• Support: $3 425 – $3 400
• EMA: Price remains above EMA 09 → bullish trend
• Candlestick / Momentum: Indicators (RSI, MACD, CCI) all show strong buy momentum.
📌 Outlook:
Gold is in a clear short-term uptrend. A breakout above $3 500 may lead to $3 525 – $3 560. On the downside, strong support sits around $3 425 – $3 400, ideal for potential pullback entries.
💡 Trading Strategy:
🔻 SELL XAU/USD
Entry: $3 522 – $3 525
🎯 TP: 40/80/200 pips
🛑 SL: $3 528
🔺 BUY XAU/USD
Entry: $3 425 – $3 428
🎯 TP: 40/80/200 pips
🛑 SL: $3 422
Gold hit an all-time high around $3 508/oz before easing to about $3 494/oz, driven by a weaker U.S. dollar and growing expectations for a Fed rate cut in September. Markets are pricing in roughly a 90% probability of a rate cut this month.
📉 Technical Analysis:
• Resistance: $3 500 – $3 525 – $3 560
• Support: $3 425 – $3 400
• EMA: Price remains above EMA 09 → bullish trend
• Candlestick / Momentum: Indicators (RSI, MACD, CCI) all show strong buy momentum.
📌 Outlook:
Gold is in a clear short-term uptrend. A breakout above $3 500 may lead to $3 525 – $3 560. On the downside, strong support sits around $3 425 – $3 400, ideal for potential pullback entries.
💡 Trading Strategy:
🔻 SELL XAU/USD
Entry: $3 522 – $3 525
🎯 TP: 40/80/200 pips
🛑 SL: $3 528
🔺 BUY XAU/USD
Entry: $3 425 – $3 428
🎯 TP: 40/80/200 pips
🛑 SL: $3 422
Trade active
Gold just dropped to 3470, but this was only a false breakout; the overall trend still favors the upside, and it is important to watch whether the price can hold above the 3480 level to confirm further bullish momentumTrade closed: target reached
Gold’s trend remains bullish as long as it holds above the 3470 level
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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.