📊 Market Overview:
Gold remains on the rise amid expectations of further Fed rate cuts, a weakening U.S. dollar, and persistent tariff-related uncertainty. Citi has raised its 3-month forecast to $3,500–3,600/oz
📉 Technical Analysis:
• Current Resistance Levels:
o Near-term: $3,408–3,412
o Extended: $3,421 and $3,442
• Key Support Levels:
o Immediate: $3,375, then $3,355 and $3,343
o Deeper: $3,312–3,300 demand zone on TradingView, and April low at $3,170
• Technical Trend:
Gold continues to receive strong bullish signals across multiple moving averages, and FXEmpire indicators show “Strong Buy” across most timeframes
📌 Outlook:
The short-term bias is clearly bullish. As long as gold holds above the $3,375 support and breaks through the $3,408 resistance, it is likely to rally toward the $3,420–3,440 area.
💡 Suggested Trading Strategy:
BUY XAU/USD : $3,375–3,378
🎯 TP: 40/80/200 pips
❌ SL: $3,370
Gold remains on the rise amid expectations of further Fed rate cuts, a weakening U.S. dollar, and persistent tariff-related uncertainty. Citi has raised its 3-month forecast to $3,500–3,600/oz
📉 Technical Analysis:
• Current Resistance Levels:
o Near-term: $3,408–3,412
o Extended: $3,421 and $3,442
• Key Support Levels:
o Immediate: $3,375, then $3,355 and $3,343
o Deeper: $3,312–3,300 demand zone on TradingView, and April low at $3,170
• Technical Trend:
Gold continues to receive strong bullish signals across multiple moving averages, and FXEmpire indicators show “Strong Buy” across most timeframes
📌 Outlook:
The short-term bias is clearly bullish. As long as gold holds above the $3,375 support and breaks through the $3,408 resistance, it is likely to rally toward the $3,420–3,440 area.
💡 Suggested Trading Strategy:
BUY XAU/USD : $3,375–3,378
🎯 TP: 40/80/200 pips
❌ SL: $3,370
Trade active
If gold holds above 3,390 and breaks through 3,400 with strong volume, the bullish trend could extend further.Trade closed: target reached
Gold is consolidating in a tight range around 3,390–3,400, waiting for a breakout to determine its next direction.
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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.