📊 Market Overview
Gold is currently trading around 3,350 USD/oz, slightly higher than the previous session thanks to expectations that the Fed will cut interest rates amid a weakening USD. The market remains cautious ahead of upcoming U.S. inflation data, which could provide new momentum for gold prices. Additionally, President Trump’s confirmation that gold imports will not face tariffs has helped stabilize investor sentiment.
📉 Technical Analysis
• Key Resistance: 3,400 – 3,410 USD/oz
• Nearest Support: 3,345 – 3,350 USD/oz
• EMA09: Price is currently below the EMA09 on the H1 timeframe → short-term downward pressure still persists.
• Candlestick / Volume / Momentum: After a sharp drop on August 11, price is sideways around the support zone; RSI on H1 is about 56, not yet overbought, indicating potential for a rebound if support holds.
📌 Outlook
Gold could rebound short term from the 3,350–3,345 zone if U.S. inflation data comes in lower than expected and the USD continues to weaken. However, if price breaks below 3,345 with strong selling pressure, the downtrend may extend to 3,335 or 3,330.
💡 Suggested Trading Strategy
BUY XAU/USD: 3,346 – 3,343 USD/oz
🎯 TP: 40/80/200 pips
❌ SL: 3,339 USD
SELL XAU/USD: 3,407 – 3,410 USD/oz
🎯 TP: 40/80/200 pips
❌ SL: 3,413 USD
Gold is currently trading around 3,350 USD/oz, slightly higher than the previous session thanks to expectations that the Fed will cut interest rates amid a weakening USD. The market remains cautious ahead of upcoming U.S. inflation data, which could provide new momentum for gold prices. Additionally, President Trump’s confirmation that gold imports will not face tariffs has helped stabilize investor sentiment.
📉 Technical Analysis
• Key Resistance: 3,400 – 3,410 USD/oz
• Nearest Support: 3,345 – 3,350 USD/oz
• EMA09: Price is currently below the EMA09 on the H1 timeframe → short-term downward pressure still persists.
• Candlestick / Volume / Momentum: After a sharp drop on August 11, price is sideways around the support zone; RSI on H1 is about 56, not yet overbought, indicating potential for a rebound if support holds.
📌 Outlook
Gold could rebound short term from the 3,350–3,345 zone if U.S. inflation data comes in lower than expected and the USD continues to weaken. However, if price breaks below 3,345 with strong selling pressure, the downtrend may extend to 3,335 or 3,330.
💡 Suggested Trading Strategy
BUY XAU/USD: 3,346 – 3,343 USD/oz
🎯 TP: 40/80/200 pips
❌ SL: 3,339 USD
SELL XAU/USD: 3,407 – 3,410 USD/oz
🎯 TP: 40/80/200 pips
❌ SL: 3,413 USD
Trade active
If gold holds above 3343, it may rebound to 3355–3360;if it breaks below 3343, it could drop further to 3335.
Trade closed: target reached
Gold is trading around $3,345–$3,355/oz, holding key support; if the USD remains weak, prices may see a short-term rebound.
📊 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.
📊 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.