Hey Traders,
XAUUSD has recently found support at a crucial demand zone around 3351.75, bouncing off this level with a sharp rejection wick, signalling buyer interest. The price action now shows a potential shift toward bullish structure with an expected retest and continuation toward higher resistance levels.
Current Market Conditions:
Fundamental Analysis/Outlook:
Today’s bullish sentiment in gold is fueled by the renewed geopolitical tensions in the Middle East and Fed Chair Powell’s cautious tone on policy rates. The market remains sensitive to inflation expectations and risk sentiment. As long as inflation persists and global uncertainty lingers, gold could continue to attract safe-haven demand, supporting upside scenarios.
Targets:
Risk Management:
Technical Outlook:
The structure suggests a potential breakout continuation if buyers hold above 3351. Look for confirmation through higher low formations and bullish momentum candles before scaling in further. Price needs to reclaim 3368–3375 levels to accelerate toward targets.
Conclusion:
Gold is poised at a key turning point. If bulls defend the support and reclaim 3368+, we could see a wave of upside into the 3400s. Keep your eyes on intraday momentum and global headlines, especially risk-off events.
Sign-off:
"In markets, clarity often lies just beyond the fear. Trade the levels, not the noise."
I would love to hear your thoughts in the comment section, and please hit boost and follow for more ideas. Thank you, and profitable trading to you all!
XAUUSD has recently found support at a crucial demand zone around 3351.75, bouncing off this level with a sharp rejection wick, signalling buyer interest. The price action now shows a potential shift toward bullish structure with an expected retest and continuation toward higher resistance levels.Current Market Conditions:
- Price is rebounding from the 3351.75 support area, which has acted as a demand zone in recent weeks.
- The recent bullish candle suggests buyers may be stepping back in, aiming to reclaim lost territory.
- Short-term structure favours a possible higher low formation before continuation toward the 3403.47 and 3431.49 levels.
- A break below 3351.75 would invalidate this bullish setup.
Fundamental Analysis/Outlook:
Today’s bullish sentiment in gold is fueled by the renewed geopolitical tensions in the Middle East and Fed Chair Powell’s cautious tone on policy rates. The market remains sensitive to inflation expectations and risk sentiment. As long as inflation persists and global uncertainty lingers, gold could continue to attract safe-haven demand, supporting upside scenarios.
Targets:
- TP1: 3375.91
- TP2: 3403.47
- TP3: 3431.49
Risk Management:
- Stop-loss: Below 3351.75 (key invalidation level)
- Maintain a minimum 1:2 R:R ratio. Adjust position size accordingly based on volatility and support behaviour.
Technical Outlook:
The structure suggests a potential breakout continuation if buyers hold above 3351. Look for confirmation through higher low formations and bullish momentum candles before scaling in further. Price needs to reclaim 3368–3375 levels to accelerate toward targets.
Conclusion:
Gold is poised at a key turning point. If bulls defend the support and reclaim 3368+, we could see a wave of upside into the 3400s. Keep your eyes on intraday momentum and global headlines, especially risk-off events.
Sign-off:
"In markets, clarity often lies just beyond the fear. Trade the levels, not the noise."
I would love to hear your thoughts in the comment section, and please hit boost and follow for more ideas. Thank you, and profitable trading to you all!
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.
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.