📉 Key Developments
• Gold price (XAU/USD) dropped from a weekly high of $3,252 to a low of $3,154, indicating strong selling pressure.
• U.S. bond yields have edged higher, making gold less attractive to investors.
• Recent inflation data suggests the Federal Reserve may maintain higher interest rates for longer, adding downward pressure on gold.
• Profit-taking has intensified following a strong rally in previous weeks when gold hit multiple all-time highs.
🔮 Expected Short-Term Scenario
• Market sentiment leans towards profit-taking, especially since the $3,200–$3,250 zone has failed to hold.
• The inability to sustain higher levels indicates weakening buying momentum, increasing the likelihood of a deeper correction.
• Over the past week, gold formed strong bearish candles and repeatedly tested the $3,150 support zone, signaling that this level is weakening and could be broken soon.
📉 Conclusion & Outlook for Next Week
Based on:
• Weak price behavior
• Negative technical indicators
• Profit-taking sentiment
• Bearish macroeconomic backdrop
→ The scenario of breaking below $3,150 support and continuing downward toward $3,100 or lower is highly plausible in the coming week.
📌 SHORT-TERM TRADING STRATEGIES
🔻 SELL
• Entry Zone (SELL): 3245 – 3248
• Take Profit (TP): 3235 – 3238
• Stop Loss (SL): 3253
🔼 BUY
• Entry Zone (BUY): 3120 – 3123
• Take Profit (TP): 3133 – 3135
• Stop Loss (SL): 3116
🔁 Note: Only enter trades based on clear confirmation signals. Manage risk carefully — limit exposure to no more than 1–2% of your account per trade.
• Gold price (XAU/USD) dropped from a weekly high of $3,252 to a low of $3,154, indicating strong selling pressure.
• U.S. bond yields have edged higher, making gold less attractive to investors.
• Recent inflation data suggests the Federal Reserve may maintain higher interest rates for longer, adding downward pressure on gold.
• Profit-taking has intensified following a strong rally in previous weeks when gold hit multiple all-time highs.
🔮 Expected Short-Term Scenario
• Market sentiment leans towards profit-taking, especially since the $3,200–$3,250 zone has failed to hold.
• The inability to sustain higher levels indicates weakening buying momentum, increasing the likelihood of a deeper correction.
• Over the past week, gold formed strong bearish candles and repeatedly tested the $3,150 support zone, signaling that this level is weakening and could be broken soon.
📉 Conclusion & Outlook for Next Week
Based on:
• Weak price behavior
• Negative technical indicators
• Profit-taking sentiment
• Bearish macroeconomic backdrop
→ The scenario of breaking below $3,150 support and continuing downward toward $3,100 or lower is highly plausible in the coming week.
📌 SHORT-TERM TRADING STRATEGIES
🔻 SELL
• Entry Zone (SELL): 3245 – 3248
• Take Profit (TP): 3235 – 3238
• Stop Loss (SL): 3253
🔼 BUY
• Entry Zone (BUY): 3120 – 3123
• Take Profit (TP): 3133 – 3135
• Stop Loss (SL): 3116
🔁 Note: Only enter trades based on clear confirmation signals. Manage risk carefully — limit exposure to no more than 1–2% of your account per trade.
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📈 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.