📊 Market Overview
• Following softer-than-expected US CPI data, gold surged strongly.
• This morning, gold touched a high of 3377 before pulling back slightly to around 3372.
• A weaker USD and growing expectations of Fed rate cuts remain key bullish drivers.
📉 Technical Analysis
• Key Resistance: $3,380 – $3,400
• Nearest Support: $3,325 – $3,310
• EMA09: Price remains above EMA09, signaling a short-term uptrend.
• Candlestick & Momentum: Gold has broken out of a consolidation zone with strong momentum, though short-term overbought signals are emerging.
📌 Outlook
Gold may enter a mild pullback within the 3370–3380 zone before finding fresh momentum from upcoming Fed signals or macro data. Caution is advised when trading near major resistance.
💡 Trading Strategy
🔻 SELL XAU/USD at: 3375–3377
🎯 TP: 3355
❌ SL: 3385
🔺 BUY XAU/USD at: 3325–3330
🎯 TP: 3350
❌ SL: 3315
• Following softer-than-expected US CPI data, gold surged strongly.
• This morning, gold touched a high of 3377 before pulling back slightly to around 3372.
• A weaker USD and growing expectations of Fed rate cuts remain key bullish drivers.
📉 Technical Analysis
• Key Resistance: $3,380 – $3,400
• Nearest Support: $3,325 – $3,310
• EMA09: Price remains above EMA09, signaling a short-term uptrend.
• Candlestick & Momentum: Gold has broken out of a consolidation zone with strong momentum, though short-term overbought signals are emerging.
📌 Outlook
Gold may enter a mild pullback within the 3370–3380 zone before finding fresh momentum from upcoming Fed signals or macro data. Caution is advised when trading near major resistance.
💡 Trading Strategy
🔻 SELL XAU/USD at: 3375–3377
🎯 TP: 3355
❌ SL: 3385
🔺 BUY XAU/USD at: 3325–3330
🎯 TP: 3350
❌ SL: 3315
Trade active
🔻 The sell signal at the 3375 zone has been triggered and is now up +100 pips — congratulations to all traders! 🎉Trade closed: target reached
Gold dropped to 3340 — congratulations on the SELL signal at 3375,locking in a profit of +350 pips!
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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.