📊 Market Overview
After dipping to 3326, gold rebounded sharply and reached 3339 in the latest session. The upside momentum came from safe-haven demand as the USD temporarily weakened. However, ahead of the Jackson Hole symposium, the market remains cautious with no clear trend established.
📉 Technical Analysis
• Key Resistance: 3338–3341 (fresh intraday top)
• Nearest Support: 3326–3328, deeper support at 3317 (major level)
• EMA: Price is trading above EMA9 on the H1 timeframe, indicating short-term bullish momentum still intact
• Candles & Momentum: Continuous bullish candles from 3326 → 3339, but limited volume suggests a potential pullback ahead
📌 Outlook
In the short term, gold is likely to face selling pressure near 3338–3341. A break below 3326 could open the way toward the key 3317 support zone for a retest of buyers’ strength.
💡 Suggested Trading Strategy
🔻 SELL XAU/USD at: 3338–3341
🎯 TP: 40/80/200 pips
🛑 SL: 3344
🔺 BUY XAU/USD at: 3317 - 3314
🎯 TP: 3332 / 3340
🛑 SL: 3311
After dipping to 3326, gold rebounded sharply and reached 3339 in the latest session. The upside momentum came from safe-haven demand as the USD temporarily weakened. However, ahead of the Jackson Hole symposium, the market remains cautious with no clear trend established.
📉 Technical Analysis
• Key Resistance: 3338–3341 (fresh intraday top)
• Nearest Support: 3326–3328, deeper support at 3317 (major level)
• EMA: Price is trading above EMA9 on the H1 timeframe, indicating short-term bullish momentum still intact
• Candles & Momentum: Continuous bullish candles from 3326 → 3339, but limited volume suggests a potential pullback ahead
📌 Outlook
In the short term, gold is likely to face selling pressure near 3338–3341. A break below 3326 could open the way toward the key 3317 support zone for a retest of buyers’ strength.
💡 Suggested Trading Strategy
🔻 SELL XAU/USD at: 3338–3341
🎯 TP: 40/80/200 pips
🛑 SL: 3344
🔺 BUY XAU/USD at: 3317 - 3314
🎯 TP: 3332 / 3340
🛑 SL: 3311
Trade active
Gold is moving sideways within the 3320–3340 range, with a bearish bias if it fails to break above 3341.Trade closed: target reached
Gold is testing the 3317 support zone, waiting for a breakout.
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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.