📊 Market Summary
Gold is consolidating around $3,340/oz, up about 0.5% today, as investors seek safe-haven assets amid ongoing US–China trade tensions. The market is also closely watching the upcoming U.S. CPI data release.
📉 Technical Analysis
Key Resistance:
• $3,350–3,360 – recent swing highs, aligning with the intraday EMA50 and Fibonacci resistance.
• $3,370–3,380 – major monthly high, potential breakout zone.
Nearest Support:
• $3,320–3,330 – EMA20–21 zone, daily support and key pivot level.
• Below $3,320, next support lies near $3,300.
EMA 09:
• Price is trading above EMA9 but still below EMA21–50 → suggests neutral-to-slightly bullish intraday bias.
Candlesticks / Volume / Momentum:
• Small-bodied candles with low volume → signs of sideways movement.
• RSI on H1 ~60, H4 ~55 → modest upward momentum, not yet overbought.
📌 Outlook
Gold is likely to continue consolidating around $3,340, with mild upside potential if the U.S. CPI data comes in hot or trade talks remain inconclusive.
💡 Suggested Trading Strategy
SELL XAU/USD at: $3,350–3,355
🎯 TP: $3,330–3,335
❌ SL: $3,360
BUY XAU/USD at: $3,320–3,330
🎯 TP: $3,340–3,345
❌ SL: $3,310
Gold is consolidating around $3,340/oz, up about 0.5% today, as investors seek safe-haven assets amid ongoing US–China trade tensions. The market is also closely watching the upcoming U.S. CPI data release.
📉 Technical Analysis
Key Resistance:
• $3,350–3,360 – recent swing highs, aligning with the intraday EMA50 and Fibonacci resistance.
• $3,370–3,380 – major monthly high, potential breakout zone.
Nearest Support:
• $3,320–3,330 – EMA20–21 zone, daily support and key pivot level.
• Below $3,320, next support lies near $3,300.
EMA 09:
• Price is trading above EMA9 but still below EMA21–50 → suggests neutral-to-slightly bullish intraday bias.
Candlesticks / Volume / Momentum:
• Small-bodied candles with low volume → signs of sideways movement.
• RSI on H1 ~60, H4 ~55 → modest upward momentum, not yet overbought.
📌 Outlook
Gold is likely to continue consolidating around $3,340, with mild upside potential if the U.S. CPI data comes in hot or trade talks remain inconclusive.
💡 Suggested Trading Strategy
SELL XAU/USD at: $3,350–3,355
🎯 TP: $3,330–3,335
❌ SL: $3,360
BUY XAU/USD at: $3,320–3,330
🎯 TP: $3,340–3,345
❌ SL: $3,310
Trade active
Gold has surged to $3,353 following the release of the U.S. CPI data. Traders can consider setting up a sell signal in the $3,350–$3,355 zone.Trade closed: target reached
Gold has surged to the 3375 level following the CPI news. Traders may consider a Sell around the 3375 area as per the signal.Note: Everyone should consider managing risk as conservatively as possible.
📊 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.
📊 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.