📊 Market Overview
Gold is currently trading around 3,400 USD/oz, up approximately +1.41% over the past 24 hours.
The upward momentum is supported by a weakening US Dollar following dovish-leaning remarks from the Fed, along with growing demand for safe-haven assets amid trade uncertainties.
📉 Technical Analysis
• Key Resistance: ~3,400–3,405 USD (psychological zone; a break above could open the path for further gains).
• Nearest Support: ~3,370–3,375 USD, followed by 3,345–3,350 USD, which marks today’s low.
• EMA 09/20: Price is currently trading above both EMA 9 and EMA 20, confirming a short-term uptrend.
• Momentum / Oscillators: RSI is in the overbought zone; MACD and ADX still show a “buy” signal → bullish trend continues, but watch for possible technical pullbacks.
📌 Opinion
The price may continue to rise if it breaks above the 3,400 USD/oz level, especially if the USD remains weak and safe-haven flows continue to support gold. However, if there’s short-term selling pressure or a USD rebound, gold may pull back toward the 3,370–3,375 USD support zone.
💡 Trade Setup
SELL XAU/USD at: 3,400–3,405 USD
🎯 TP: 3,380 USD
❌ SL: 3,410 USD
BUY XAU/USD at: 3,370–3,375 USD
🎯 TP: 3,390–3,395 USD
❌ SL: 3,360 USD
Gold is currently trading around 3,400 USD/oz, up approximately +1.41% over the past 24 hours.
The upward momentum is supported by a weakening US Dollar following dovish-leaning remarks from the Fed, along with growing demand for safe-haven assets amid trade uncertainties.
📉 Technical Analysis
• Key Resistance: ~3,400–3,405 USD (psychological zone; a break above could open the path for further gains).
• Nearest Support: ~3,370–3,375 USD, followed by 3,345–3,350 USD, which marks today’s low.
• EMA 09/20: Price is currently trading above both EMA 9 and EMA 20, confirming a short-term uptrend.
• Momentum / Oscillators: RSI is in the overbought zone; MACD and ADX still show a “buy” signal → bullish trend continues, but watch for possible technical pullbacks.
📌 Opinion
The price may continue to rise if it breaks above the 3,400 USD/oz level, especially if the USD remains weak and safe-haven flows continue to support gold. However, if there’s short-term selling pressure or a USD rebound, gold may pull back toward the 3,370–3,375 USD support zone.
💡 Trade Setup
SELL XAU/USD at: 3,400–3,405 USD
🎯 TP: 3,380 USD
❌ SL: 3,410 USD
BUY XAU/USD at: 3,370–3,375 USD
🎯 TP: 3,390–3,395 USD
❌ SL: 3,360 USD
Trade active
Gold is consolidating around 3390 after dropping from 3401. Trend remains unclear — wait for a break of 3385 or 3400 before taking action.Trade closed: target reached
Gold has rebounded to 3390 after briefly testing the 3384 support zone — showing that buying interest remains. If it holds above 3388, the uptrend could continue toward the 3398–3400 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.