📊 Market Dynamics:
Following the PCE report, gold rallied sharply and is now trading around $3,427/oz, testing a major resistance zone. Buyers remain in control, but profit-taking emerges near $3,430.
📉 Technical Analysis:
• Key Resistance: $3,430 – $3,435
• Nearest Support: $3,418 – $3,415
• EMA 09: Price holds above EMA09, keeping bullish bias intact.
• Candlestick / Momentum: H1 candles show long upper wicks around $3,430 → signaling short-term selling pressure.
📌 Outlook:
A clear break above $3,430 could extend gains toward $3,440 – $3,450; failure to hold may trigger a pullback to $3,418 – $3,415.
💡 Suggested Trading Strategy:
• 🔻 SELL XAU/USD: $3,437 – $3,435
🎯 TP: 40/80/200 pips
❌ SL: $3,442
Following the PCE report, gold rallied sharply and is now trading around $3,427/oz, testing a major resistance zone. Buyers remain in control, but profit-taking emerges near $3,430.
📉 Technical Analysis:
• Key Resistance: $3,430 – $3,435
• Nearest Support: $3,418 – $3,415
• EMA 09: Price holds above EMA09, keeping bullish bias intact.
• Candlestick / Momentum: H1 candles show long upper wicks around $3,430 → signaling short-term selling pressure.
📌 Outlook:
A clear break above $3,430 could extend gains toward $3,440 – $3,450; failure to hold may trigger a pullback to $3,418 – $3,415.
💡 Suggested Trading Strategy:
• 🔻 SELL XAU/USD: $3,437 – $3,435
🎯 TP: 40/80/200 pips
❌ SL: $3,442
Trade active
Next week, gold is likely to **trade within the \$3,366 – \$3,438/oz range and only break out if triggered by the NFP report or Fed policy signals**.Trade closed: target reached
The gold price at the beginning of September rose to a high of 3486
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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.