📊 Market Dynamics:
Gold eased to around $3,408/oz due to profit-taking after the recent rally, while investors await U.S. PCE inflation data – a key indicator that could influence the Fed’s rate-cut decision.
📉 Technical Analysis:
• Key Resistance: $3,425 – $3,430
• Nearest Support: $3,400 – $3,395
• EMA 09: Price remains above EMA 09, keeping the bullish bias intact.
• Candlestick / Momentum: H1 candles show long lower wicks around $3,400, signaling potential buying pressure.
📌 Outlook:
In the short term, gold may consolidate around $3,400 and rebound if PCE data reinforces expectations of an imminent Fed rate cut.
💡 Suggested Trading Strategy:
🔻 SELL XAU/USD: $3,427 – $3,430
🎯 TP: 40/80/200 pips
❌ SL: $3,433
🔺 BUY XAU/USD: $3,397 – $3,400
🎯 TP: 40/80/200 pips
❌ SL: $3,394
Gold eased to around $3,408/oz due to profit-taking after the recent rally, while investors await U.S. PCE inflation data – a key indicator that could influence the Fed’s rate-cut decision.
📉 Technical Analysis:
• Key Resistance: $3,425 – $3,430
• Nearest Support: $3,400 – $3,395
• EMA 09: Price remains above EMA 09, keeping the bullish bias intact.
• Candlestick / Momentum: H1 candles show long lower wicks around $3,400, signaling potential buying pressure.
📌 Outlook:
In the short term, gold may consolidate around $3,400 and rebound if PCE data reinforces expectations of an imminent Fed rate cut.
💡 Suggested Trading Strategy:
🔻 SELL XAU/USD: $3,427 – $3,430
🎯 TP: 40/80/200 pips
❌ SL: $3,433
🔺 BUY XAU/USD: $3,397 – $3,400
🎯 TP: 40/80/200 pips
❌ SL: $3,394
Trade active
In the European session, gold remains sideways and will only confirm direction if it breaks above $3315 for upside or falls below $3300 for downside.Trade closed: target reached
Gold was rejected at $3415; if it breaks above, it may target $3423–3430, but if it fails, it could retreat toward $3400
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📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
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Disclaimer
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📊 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.