📊 Market Overview
• Gold is currently trading around 3,340–3,345 USD/oz, supported by a weaker USD and lower U.S. yields, with 60 bps Fed rate cut expected by year-end, starting in September
• The Israel–Iran ceasefire has eased safe-haven demand, triggering a mild pullback, while support remains near 3,300 USD
📉 Technical Analysis
• Key resistance:
3,370 USD (short-term peak)
3,380–3,400 USD (prior highs)
• Nearest support:
3,300 (technical bounce zone)
Next at 3,275 (momentum weak)
• EMA:
Price trading below the 9-period EMA on H4, indicating a mild bearish/choppy short-term trend
• Candles/volume/momentum:
RSI & Stochastics near neutral suggest consolidation or minor retracement .
📌 Outlook
Gold may pull back to 3,300–3,320 if the USD rebounds or geopolitical tensions ease further. However, a Fed rate cut in September or renewed Middle East instability could drive prices back up to 3,370–3,400.
💡 Suggested Trade Plan
• SELL XAU/USD: at 3,365–3,370
o 🎯 TP: 3,345–3,340
o ❌ SL: 3,380
• BUY XAU/USD: at 3,300–3,310
o 🎯 TP: 3,320–3,330
o ❌ SL: 3,290
• Gold is currently trading around 3,340–3,345 USD/oz, supported by a weaker USD and lower U.S. yields, with 60 bps Fed rate cut expected by year-end, starting in September
• The Israel–Iran ceasefire has eased safe-haven demand, triggering a mild pullback, while support remains near 3,300 USD
📉 Technical Analysis
• Key resistance:
3,370 USD (short-term peak)
3,380–3,400 USD (prior highs)
• Nearest support:
3,300 (technical bounce zone)
Next at 3,275 (momentum weak)
• EMA:
Price trading below the 9-period EMA on H4, indicating a mild bearish/choppy short-term trend
• Candles/volume/momentum:
RSI & Stochastics near neutral suggest consolidation or minor retracement .
📌 Outlook
Gold may pull back to 3,300–3,320 if the USD rebounds or geopolitical tensions ease further. However, a Fed rate cut in September or renewed Middle East instability could drive prices back up to 3,370–3,400.
💡 Suggested Trade Plan
• SELL XAU/USD: at 3,365–3,370
o 🎯 TP: 3,345–3,340
o ❌ SL: 3,380
• BUY XAU/USD: at 3,300–3,310
o 🎯 TP: 3,320–3,330
o ❌ SL: 3,290
Trade active
Gold is pausing, awaiting clear signals from the Fed and geopoliticsTrade closed: target reached
Gold holds modest gains on the day; approaches the 3,350 USD/Oz zone ahead of key U.S. economic data.
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📈 Daily Buy/Sell signals for investors
💡 Technical breakdowns & market outlooks
🔗 Join our free group: t.me/+DmS-dVFJMm40MDM9
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
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.