Gold Futures Overview
Gold futures edged slightly higher but remain trapped in a tight consolidation range. The market is caught between conflicting macro signals — real yields, dollar strength, and uncertainty around the Fed’s next steps — while geopolitical risks continue to provide medium-term support.
Inflation remains the key risk factor: if it proves persistent, the Fed may be forced to maintain higher rates for longer, limiting gold’s upside.
🔹 Technical Outlook
In the short term, momentum is bearish as long as price trades below 3343, targeting 3332. A sustained break beneath this level would extend losses toward 3320 and 3313.
On the flip side, a confirmed 1H close above 3346 would shift momentum, opening the way toward 3355–3365, with potential extension to 3375.
Support: 3332, 3320, 3313
Resistance: 3355, 3365, 3375
Gold futures edged slightly higher but remain trapped in a tight consolidation range. The market is caught between conflicting macro signals — real yields, dollar strength, and uncertainty around the Fed’s next steps — while geopolitical risks continue to provide medium-term support.
Inflation remains the key risk factor: if it proves persistent, the Fed may be forced to maintain higher rates for longer, limiting gold’s upside.
🔹 Technical Outlook
In the short term, momentum is bearish as long as price trades below 3343, targeting 3332. A sustained break beneath this level would extend losses toward 3320 and 3313.
On the flip side, a confirmed 1H close above 3346 would shift momentum, opening the way toward 3355–3365, with potential extension to 3375.
Support: 3332, 3320, 3313
Resistance: 3355, 3365, 3375
Trade active
GOLD (XAUUSD) – Technical OutlookGold is consolidating after bouncing from the support line near 3,322 – 3,320, with price currently hovering around 3,342. The market remains highly sensitive to the upcoming Federal Reserve meeting, which could trigger sharp volatility.
🔎 Technical Scenarios
Bullish Case:
A sustained move above 3,366 would open the way toward the key resistance zone at 3,383 – 3,401. Breaking above this region could accelerate gains toward 3,436.
Bearish Case:
Failure to hold above the 3,322 – 3,320 support area could drag the price lower toward 3,285, with deeper downside potential toward 3,255 – 3,238 if momentum strengthens.
📍 Key Levels
Support: 3,322 – 3,320 / 3,285 / 3,255
Resistance: 3,366 / 3,383 – 3,401 / 3,436
⚠️ Gold remains range-bound but sensitive to Fed-driven moves — traders should wait for a decisive breakout before confirming trend direction.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.