📊 Market Overview
Gold trades near $3,487/oz, supported by Fed rate-cut bets and a weaker USD. Traders await this week’s NFP for clearer direction.
📉 Technical Analysis
• Key resistance: $3,490–$3,500
• Nearest support: $3,465
• EMA 09: Price remains above EMA 09 → short-term uptrend still intact.
• Momentum: High RSI, signaling risk of a short-term pullback.
📌 Outlook
Gold remains in a short-term uptrend, but volatility around $3,490–3,500 will define the next move.
💡 Suggested Trading Strategy
Base Scenario
• 🔻 SELL XAU/USD at $3,490–$3,493 → TP $3,470, SL $3,496
• 🔺 BUY XAU/USD at $3,464–$3,467 → TP $3,485, SL $3,461
Gold trades near $3,487/oz, supported by Fed rate-cut bets and a weaker USD. Traders await this week’s NFP for clearer direction.
📉 Technical Analysis
• Key resistance: $3,490–$3,500
• Nearest support: $3,465
• EMA 09: Price remains above EMA 09 → short-term uptrend still intact.
• Momentum: High RSI, signaling risk of a short-term pullback.
📌 Outlook
Gold remains in a short-term uptrend, but volatility around $3,490–3,500 will define the next move.
💡 Suggested Trading Strategy
Base Scenario
• 🔻 SELL XAU/USD at $3,490–$3,493 → TP $3,470, SL $3,496
• 🔺 BUY XAU/USD at $3,464–$3,467 → TP $3,485, SL $3,461
Trade active
Gold still shows strong buying interest around the $3,465 zone, and the rebound to $3,474 indicates bulls remain in short-term controlTrade closed: target reached
Gold is maintaining a bullish trend driven by Fed rate cut expectations and strong safe-haven demand
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💡 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.