📊 Market Overview:
Gold is holding steady around $3,342/oz, slightly lower by ~0.1% as investors await Fed Chair’s speech at the Jackson Hole symposium. Meanwhile, geopolitical risks continue to support gold as a safe-haven asset.
📉 Technical Analysis:
• Key Resistance: $3,350 – $3,435
• Nearest Support: $3,300 – $3,310 (100-day MA)
• EMA: Price is trading above the 100-day MA but still below the 200-hour MA, signaling short-term recovery momentum but resistance ahead.
• Candle / Momentum: Market remains in a tight consolidation range; RSI shows potential cooling before the next move.
📌 Outlook:
Gold may edge higher in the short term if the Fed signals a dovish shift (rate cut), targeting the $3,400 zone. If policy remains unchanged, gold could consolidate further or retrace toward $3,300.
💡 Trading Strategy Suggestions:
🔻 SELL XAU/USD : $3,370 - $3,373
🎯 TP: 40/80/200 pips
🛑 SL: $3,376
🔺 BUY XAU/USD : $3,310 – $3,313
🎯 TP: 40/80/200 pips
🛑 SL: $3,307
Gold is holding steady around $3,342/oz, slightly lower by ~0.1% as investors await Fed Chair’s speech at the Jackson Hole symposium. Meanwhile, geopolitical risks continue to support gold as a safe-haven asset.
📉 Technical Analysis:
• Key Resistance: $3,350 – $3,435
• Nearest Support: $3,300 – $3,310 (100-day MA)
• EMA: Price is trading above the 100-day MA but still below the 200-hour MA, signaling short-term recovery momentum but resistance ahead.
• Candle / Momentum: Market remains in a tight consolidation range; RSI shows potential cooling before the next move.
📌 Outlook:
Gold may edge higher in the short term if the Fed signals a dovish shift (rate cut), targeting the $3,400 zone. If policy remains unchanged, gold could consolidate further or retrace toward $3,300.
💡 Trading Strategy Suggestions:
🔻 SELL XAU/USD : $3,370 - $3,373
🎯 TP: 40/80/200 pips
🛑 SL: $3,376
🔺 BUY XAU/USD : $3,310 – $3,313
🎯 TP: 40/80/200 pips
🛑 SL: $3,307
Trade active
Gold is testing support at 3333–3335; if it holds, a rebound is possible, but a break may shift the short-term trend downward.Trade closed: target reached
Gold continues to move sideways, waiting for clearer signals to determine the trend.
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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.