📊 Market Developments:
• Gold is currently holding near $3,310, which aligns with the weekly pivot level on TradingView.
• With the upcoming FOMC minutes and key data (CPI, NFP) approaching, the market remains cautious. The USD is stable, keeping gold in a tight range.
📉 Technical Analysis:
• Short-term Resistance: $3,325–3,335 (H4 supply zone)
• Nearest Support: $3,300–3,305 (weekly pivot + H1/H4 lows)
• EMA 09 on H4: Price is trading below EMA09 → short-term bearish bias.
• Candlestick/Volume/Momentum: Lower highs on H4 candles with declining volume indicate weak buying momentum and a possible continuation of consolidation or mild pullback.
📌 Outlook:
• As long as gold stays below $3,305 and the USD remains firm, a pullback toward $3,300–3,295 is likely.
• A break above the $3,325–3,335 resistance zone could trigger a rally toward $3,350 or higher.
💡 Suggested Trade Setup:
🔻 SELL XAU/USD at: $3,322–3,325
🎯 TP: $3,300
❌ SL: $3,332
🔺 BUY XAU/USD at: $3,300–3,303
🎯 TP: $3,325–3,335
❌ SL: $3,295
• Gold is currently holding near $3,310, which aligns with the weekly pivot level on TradingView.
• With the upcoming FOMC minutes and key data (CPI, NFP) approaching, the market remains cautious. The USD is stable, keeping gold in a tight range.
📉 Technical Analysis:
• Short-term Resistance: $3,325–3,335 (H4 supply zone)
• Nearest Support: $3,300–3,305 (weekly pivot + H1/H4 lows)
• EMA 09 on H4: Price is trading below EMA09 → short-term bearish bias.
• Candlestick/Volume/Momentum: Lower highs on H4 candles with declining volume indicate weak buying momentum and a possible continuation of consolidation or mild pullback.
📌 Outlook:
• As long as gold stays below $3,305 and the USD remains firm, a pullback toward $3,300–3,295 is likely.
• A break above the $3,325–3,335 resistance zone could trigger a rally toward $3,350 or higher.
💡 Suggested Trade Setup:
🔻 SELL XAU/USD at: $3,322–3,325
🎯 TP: $3,300
❌ SL: $3,332
🔺 BUY XAU/USD at: $3,300–3,303
🎯 TP: $3,325–3,335
❌ SL: $3,295
Trade active
Buy Signal activeWe’ve got +100 pips already, everyone!
Trade closed: target reached
market sideway
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📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
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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.