📊 Market Update:
Gold bounced back to 3320 after dipping to 3295 amid USD strength and rising bond yields. The recovery was fueled by short-covering, but traders remain cautious ahead of upcoming U.S. PCE data – the Fed’s preferred inflation gauge.
📉 Technical Analysis:
• Key Resistance: 3330
• Nearest Support: 3295
• EMA: Price is hovering near the 09 EMA on the H1 chart → neutral to slightly bullish in short-term correction.
• Candle / Volume / Momentum: H1 candles show mild recovery with increased volume, but no clear reversal signal yet.
📌 Outlook:
Gold may range between 3295 and 3330 before a breakout, depending on incoming U.S. economic data. A break above 3330 could trigger a short-term rally.
Gold bounced back to 3320 after dipping to 3295 amid USD strength and rising bond yields. The recovery was fueled by short-covering, but traders remain cautious ahead of upcoming U.S. PCE data – the Fed’s preferred inflation gauge.
📉 Technical Analysis:
• Key Resistance: 3330
• Nearest Support: 3295
• EMA: Price is hovering near the 09 EMA on the H1 chart → neutral to slightly bullish in short-term correction.
• Candle / Volume / Momentum: H1 candles show mild recovery with increased volume, but no clear reversal signal yet.
📌 Outlook:
Gold may range between 3295 and 3330 before a breakout, depending on incoming U.S. economic data. A break above 3330 could trigger a short-term rally.
Trade active
Gold dropped to the support zone at 3395 and is now rebounding around 3335.Trade closed: target reached
Gold shows signs of retesting the 3000–3295 zone.
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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.