📊 Market Move:
Gold surged to a three-week high near $3,370/oz, driven by safe-haven demand amid renewed trade tensions between the U.S. and EU/Mexico and threats of a 100% tariff on Russian imports.
Investors are now focused on upcoming U.S. CPI data, which could trigger sharp moves if inflation comes in below expectations.
📉 Technical Analysis:
• Key Resistance: ~$3,365–$3,372; a breakout could open the way to $3,400–$3,440
• Nearest Support: ~$3,340 (S1), then ~$3,326 (SMA50), and deeper at $3,300–$3,320 (Fibonacci zone)
• EMA: Price remains above short-term EMAs (20/50/100), suggesting a continuing bullish bias
• Candlesticks / Volume / Momentum:
• RSI is neutral-to-bullish around 54; MACD shows strengthening bullish momentum
• Bollinger Bands are narrowing, signaling potential for a breakout
📌 Outlook:
Gold may continue edging higher or consolidate around the $3,365–$3,372 resistance zone if no new geopolitical shocks occur. However, if U.S. CPI comes in below expectations or if USD/Yields weaken, gold could rally further toward $3,400–$3,440.
________________________________________
💡 Suggested Trading Strategy
🔻 SELL XAU/USD at: $3,370–3,373
🎯 TP: 40/80/200 pips
❌ SL: $3,376
🔺 BUY XAU/USD at: $3,340–3,337
🎯 TP: 40/80/200 pips
❌ SL: $3,334
Gold surged to a three-week high near $3,370/oz, driven by safe-haven demand amid renewed trade tensions between the U.S. and EU/Mexico and threats of a 100% tariff on Russian imports.
Investors are now focused on upcoming U.S. CPI data, which could trigger sharp moves if inflation comes in below expectations.
📉 Technical Analysis:
• Key Resistance: ~$3,365–$3,372; a breakout could open the way to $3,400–$3,440
• Nearest Support: ~$3,340 (S1), then ~$3,326 (SMA50), and deeper at $3,300–$3,320 (Fibonacci zone)
• EMA: Price remains above short-term EMAs (20/50/100), suggesting a continuing bullish bias
• Candlesticks / Volume / Momentum:
• RSI is neutral-to-bullish around 54; MACD shows strengthening bullish momentum
• Bollinger Bands are narrowing, signaling potential for a breakout
📌 Outlook:
Gold may continue edging higher or consolidate around the $3,365–$3,372 resistance zone if no new geopolitical shocks occur. However, if U.S. CPI comes in below expectations or if USD/Yields weaken, gold could rally further toward $3,400–$3,440.
________________________________________
💡 Suggested Trading Strategy
🔻 SELL XAU/USD at: $3,370–3,373
🎯 TP: 40/80/200 pips
❌ SL: $3,376
🔺 BUY XAU/USD at: $3,340–3,337
🎯 TP: 40/80/200 pips
❌ SL: $3,334
Trade active
Gold is moving sideways around 3365, in line with the previous analysis.The market is waiting for a fresh catalyst from U.S. CPI data, with buyers and sellers locked in a tug-of-war near resistance.
Trade closed: target reached
+110 pips from Buy entry : 3337$
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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.