📊 Market Dynamics:
– Gold briefly dipped to 3,344 this morning before rebounding to 3,355 as of now.
– The USD is steady after cautious Fed commentary, while geopolitical tensions continue to support safe-haven flows into gold.
📉 Technical Analysis:
• Key resistance: 3,370 – 3,380
• Immediate support: 3,344 – 3,340
• EMA: Price remains above EMA 09, signaling continued short-term bullish bias.
• Patterns / Momentum: A bullish engulfing pattern formed on the H1 chart at 3,344.
📌 Outlook:
Gold may continue to rebound toward 3,370–3,380 in the short term. A break above 3,380 could open the path to 3,400.
💡 Trading Strategies:
🔻 SELL XAU/USD at: 3,375 – 3,380
🎯 TP: 3,355 – 3,360
❌ SL: 3,385
🔺 BUY XAU/USD at: 3,344 – 3,348
🎯 TP: 3,365 – 3,370
❌ SL: 3,335
– Gold briefly dipped to 3,344 this morning before rebounding to 3,355 as of now.
– The USD is steady after cautious Fed commentary, while geopolitical tensions continue to support safe-haven flows into gold.
📉 Technical Analysis:
• Key resistance: 3,370 – 3,380
• Immediate support: 3,344 – 3,340
• EMA: Price remains above EMA 09, signaling continued short-term bullish bias.
• Patterns / Momentum: A bullish engulfing pattern formed on the H1 chart at 3,344.
📌 Outlook:
Gold may continue to rebound toward 3,370–3,380 in the short term. A break above 3,380 could open the path to 3,400.
💡 Trading Strategies:
🔻 SELL XAU/USD at: 3,375 – 3,380
🎯 TP: 3,355 – 3,360
❌ SL: 3,385
🔺 BUY XAU/USD at: 3,344 – 3,348
🎯 TP: 3,365 – 3,370
❌ SL: 3,335
Trade active
Gold Struggles Near 3,350 – Short-Term Selling Pressure EmergingTrade closed: target reached
Gold is repeatedly testing the 3340 support zone.
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Disclaimer
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📊 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.