📊 Market Overview:
Gold rebounded from a sharp fall earlier in the session, rising from $3301 to around $3315 as the U.S. dollar weakened slightly and sellers took partial profit. However, no strong fundamental catalyst confirms a trend reversal yet.
________________________________________
📉 Technical Analysis:
• Key Resistance: $3315 – $3322
• Nearest Support: $3300 – $3295
• EMA 09 (H1): Price is currently just below EMA09, indicating a slight bearish bias
• Candlestick / Volume / Momentum:
• H1 candle shows a long lower wick at $3301 → some buying interest
• No H1 candle has closed above $3315 yet → no confirmed reversal
• Volume remains weak, RSI still under 50 → limited bullish momentum
________________________________________
📌 Outlook:
Gold may continue to consolidate between $3300 and $3315 in the short term. If it fails to close above $3315, bearish pressure could return toward $3295–$3288.
________________________________________
💡 Suggested Trade Setups:
🔻 SELL XAU/USD: $3315 – $3318
🎯 TP: 40/80/200 pips
❌ SL: $3323
🔺 BUY XAU/USD: $3295 – $3300
🎯 TP: 40/80/200 pips
❌ SL: $3285
Gold rebounded from a sharp fall earlier in the session, rising from $3301 to around $3315 as the U.S. dollar weakened slightly and sellers took partial profit. However, no strong fundamental catalyst confirms a trend reversal yet.
________________________________________
📉 Technical Analysis:
• Key Resistance: $3315 – $3322
• Nearest Support: $3300 – $3295
• EMA 09 (H1): Price is currently just below EMA09, indicating a slight bearish bias
• Candlestick / Volume / Momentum:
• H1 candle shows a long lower wick at $3301 → some buying interest
• No H1 candle has closed above $3315 yet → no confirmed reversal
• Volume remains weak, RSI still under 50 → limited bullish momentum
________________________________________
📌 Outlook:
Gold may continue to consolidate between $3300 and $3315 in the short term. If it fails to close above $3315, bearish pressure could return toward $3295–$3288.
________________________________________
💡 Suggested Trade Setups:
🔻 SELL XAU/USD: $3315 – $3318
🎯 TP: 40/80/200 pips
❌ SL: $3323
🔺 BUY XAU/USD: $3295 – $3300
🎯 TP: 40/80/200 pips
❌ SL: $3285
Trade active
Gold is staging a weak recovery after a sharp drop, but has yet to break above the $3315–$3322 resistance zone. Without renewed buying pressure, the price may retest the $3300–$3295 area in the short term.Trade closed: target reached
+60 pips from entry Sell : 3318
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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.