📊 Market Moves
Gold remains stable around $3,384–3,385/oz as the US dollar weakens, driven by concerns over Fed independence — especially President Trump’s threats to fire Fed Governor Lisa Cook — boosting safe-haven demand.
📉 Technical Analysis
• Key Resistance: $3,400, followed by $3,435
• Nearest Support: $3,350, then $3,324 (100-day SMA)
• EMA/SMA: A bullish cross is forming as the 21-day SMA moves above the 50-day SMA → short-term uptrend intact
• RSI & Momentum: RSI (14) at ~54, staying above 50 → buyers still dominant
📌 Outlook
Gold is likely to edge higher in the short term if the USD remains weak and dovish Fed signals strengthen.
💡 Suggested Trading Strategy
🔻 SELL XAU/USD : $3,396–3,399
🎯 TP: 40/80/200 pips
🛑 SL: $3,403
🔺 BUY XAU/USD : $3,350–3,353
🎯 TP: 40/80/200 pips
🛑 SL: $3,347
Gold remains stable around $3,384–3,385/oz as the US dollar weakens, driven by concerns over Fed independence — especially President Trump’s threats to fire Fed Governor Lisa Cook — boosting safe-haven demand.
📉 Technical Analysis
• Key Resistance: $3,400, followed by $3,435
• Nearest Support: $3,350, then $3,324 (100-day SMA)
• EMA/SMA: A bullish cross is forming as the 21-day SMA moves above the 50-day SMA → short-term uptrend intact
• RSI & Momentum: RSI (14) at ~54, staying above 50 → buyers still dominant
📌 Outlook
Gold is likely to edge higher in the short term if the USD remains weak and dovish Fed signals strengthen.
💡 Suggested Trading Strategy
🔻 SELL XAU/USD : $3,396–3,399
🎯 TP: 40/80/200 pips
🛑 SL: $3,403
🔺 BUY XAU/USD : $3,350–3,353
🎯 TP: 40/80/200 pips
🛑 SL: $3,347
Trade active
Gold is consolidating between 3,370–3,380, awaiting a breakout above 3,385 to rise or below 3,368 to decline.Trade closed: target reached
Gold at $3387 has not yet confirmed a break of the downtrend; it needs to close above $3390–3392 for a clear breakout
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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.