Gold is stalling below the 3,444 USD resistance, forming a series of lower highs — a clear sign of weakening bullish momentum. The support area around 3,358 USD is under pressure, and a break below this level could trigger a drop toward 3,280 USD.
On the news front, the FOMC has reaffirmed its hawkish stance, making no mention of a rate cut despite signs of slowing economic growth. This has strengthened the USD, placing additional downward pressure on gold.
In summary, XAUUSD is on the verge of breaking its bullish structure. If current support fails, sellers may take full control of the market.
XAUUSD Trade Idea:
Position: SELL if price breaks below 3,358 USD
Target: 3,304 – 3,280 USD
Stop Loss: Above 3,400 USD
On the news front, the FOMC has reaffirmed its hawkish stance, making no mention of a rate cut despite signs of slowing economic growth. This has strengthened the USD, placing additional downward pressure on gold.
In summary, XAUUSD is on the verge of breaking its bullish structure. If current support fails, sellers may take full control of the market.
XAUUSD Trade Idea:
Position: SELL if price breaks below 3,358 USD
Target: 3,304 – 3,280 USD
Stop Loss: Above 3,400 USD
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📍 Accurate, verified technical analysis
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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.
Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.