📊 Market Overview:
• Spot gold is now trading at $3,352–3,356/oz, sliding sharply on profit-taking and uncertainty over potential U.S. import tariffs on gold.
• Weak buying interest at support pushed the price below the 200-hour MA, opening the door for deeper declines.
📉 Technical Analysis:
• Key resistance: $3,360–$3,365
• Nearest support: $3,345; next at $3,330
• EMA 09: Price remains below EMA09 → short-term trend is bearish
• Momentum: RSI below 45, sellers maintain control
📌 Outlook:
• Gold may continue to decline toward $3,345 or $3,330 if the H1 candle closes below $3,350.
• Only a break back above $3,365 with strong volume could trigger a short-term reversal.
💡 Suggested Trading Strategy:
SELL XAU/USD: $3,362–3,365
🎯 TP: 40/80/200 pips
❌ SL: $3,368
BUY XAU/USD: $3,345–$3,348 (only if clear bullish reversal candlestick forms)
🎯 TP: 40/80/200 pips
❌ SL: $3,342
• Spot gold is now trading at $3,352–3,356/oz, sliding sharply on profit-taking and uncertainty over potential U.S. import tariffs on gold.
• Weak buying interest at support pushed the price below the 200-hour MA, opening the door for deeper declines.
📉 Technical Analysis:
• Key resistance: $3,360–$3,365
• Nearest support: $3,345; next at $3,330
• EMA 09: Price remains below EMA09 → short-term trend is bearish
• Momentum: RSI below 45, sellers maintain control
📌 Outlook:
• Gold may continue to decline toward $3,345 or $3,330 if the H1 candle closes below $3,350.
• Only a break back above $3,365 with strong volume could trigger a short-term reversal.
💡 Suggested Trading Strategy:
SELL XAU/USD: $3,362–3,365
🎯 TP: 40/80/200 pips
❌ SL: $3,368
BUY XAU/USD: $3,345–$3,348 (only if clear bullish reversal candlestick forms)
🎯 TP: 40/80/200 pips
❌ SL: $3,342
Trade active
If gold holds the 3344 support, it may rebound to 3358–3360 for a SELL setup, but if it breaks below 3344, continue SELL toward 3335.Trade closed: target reached
Gold is leaning toward a bearish trend, with a preference to SELL from the 3355–3360 zone (SL above 3363), targeting 3344 first, and 3335 if that level breaks.
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💡 Technical breakdowns & market outlooks
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Disclaimer
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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.