👋Hello everyone, let’s take a look at what’s special about 
XAUUSD !
Yesterday, gold continued its strong rally, climbing over 300 pips by the end of the session, fully drenched in green and now trading around $3,447.
The bullish momentum gained further support as the Core PCE m/m index—anticipated in our previous analysis—was released yesterday. The result came in at 0.3%, exactly in line with forecasts and the previous reading.
Since the data matched expectations, the market was not surprised. The USD didn’t surge, leaving room for gold’s stability. The main trend remains bullish, and any pullback could present an opportunity to accumulate more gold.
📈From a technical perspective: Gold is repeating last Friday’s strong rally. If the trend continues, upside momentum is still supported, though a correction is expected beforehand. The 3425 retracement level and 3405 USD support are key areas to watch as potential springboards for the next upward move.
📍Risks to note:
I remain optimistic in this analysis. What about you? Share your thoughts in the comments below!
XAUUSD !Yesterday, gold continued its strong rally, climbing over 300 pips by the end of the session, fully drenched in green and now trading around $3,447.
The bullish momentum gained further support as the Core PCE m/m index—anticipated in our previous analysis—was released yesterday. The result came in at 0.3%, exactly in line with forecasts and the previous reading.
Since the data matched expectations, the market was not surprised. The USD didn’t surge, leaving room for gold’s stability. The main trend remains bullish, and any pullback could present an opportunity to accumulate more gold.
📈From a technical perspective: Gold is repeating last Friday’s strong rally. If the trend continues, upside momentum is still supported, though a correction is expected beforehand. The 3425 retracement level and 3405 USD support are key areas to watch as potential springboards for the next upward move.
📍Risks to note:
- Short-term RSI above 70
- Profit-taking from investors
- Deeper-than-expected corrections (support levels)
I remain optimistic in this analysis. What about you? Share your thoughts in the comments below!
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Disclaimer
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
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.