📊 Market Summary:
• Gold (XAU/USD) rose slightly +0.5% to ~$3,350.55/oz, supported by growing expectations of Fed rate cuts and lower U.S. bond yields, which boosted safe-haven demand.
• However, easing geopolitical tensions have reduced strong safe-haven flows, putting mild pressure on gold.
📉 Technical Analysis:
• Resistance Levels:
• $3,400 – immediate resistance
• $3,420 – next key resistance if $3,400 is broken
• Support Levels:
• $3,330–$3,335 – strong support zone
• $3,310 – secondary support if $3,330 fails
• EMA & MAs: Price is holding above most short-term EMAs/MAs (MA5, MA10, MA20 → bullish; only MA200 remains bearish) → trend still bullish.
• Momentum Indicators: RSI ~62 (positive), Stoch & MACD remain bullish, ADX ~30 confirms a relatively strong trend.
📌 Outlook:
• Short-term: Gold could retest $3,400–$3,420 if dovish Fed signals and low yields persist.
• Risk: A hawkish Fed tone or easing geopolitical risks could drag gold back down toward $3,330 and possibly $3,310.
💡 Trade Strategy:
🔺 BUY XAU/USD: $3,330–$3,333
🎯 TP: 40/80/200 pips
❌ SL: $3327
🔻 SELL XAU/USD : $3,402–$3,405
🎯 TP: 40/80/200 pips
❌ SL: $3,408
• Gold (XAU/USD) rose slightly +0.5% to ~$3,350.55/oz, supported by growing expectations of Fed rate cuts and lower U.S. bond yields, which boosted safe-haven demand.
• However, easing geopolitical tensions have reduced strong safe-haven flows, putting mild pressure on gold.
📉 Technical Analysis:
• Resistance Levels:
• $3,400 – immediate resistance
• $3,420 – next key resistance if $3,400 is broken
• Support Levels:
• $3,330–$3,335 – strong support zone
• $3,310 – secondary support if $3,330 fails
• EMA & MAs: Price is holding above most short-term EMAs/MAs (MA5, MA10, MA20 → bullish; only MA200 remains bearish) → trend still bullish.
• Momentum Indicators: RSI ~62 (positive), Stoch & MACD remain bullish, ADX ~30 confirms a relatively strong trend.
📌 Outlook:
• Short-term: Gold could retest $3,400–$3,420 if dovish Fed signals and low yields persist.
• Risk: A hawkish Fed tone or easing geopolitical risks could drag gold back down toward $3,330 and possibly $3,310.
💡 Trade Strategy:
🔺 BUY XAU/USD: $3,330–$3,333
🎯 TP: 40/80/200 pips
❌ SL: $3327
🔻 SELL XAU/USD : $3,402–$3,405
🎯 TP: 40/80/200 pips
❌ SL: $3,408
Trade active
Gold is likely to continue moving sideways around 3,330–3,365 USD and will only break out if strong news emerges from the Fed or geopolitical developments.Trade closed: target reached
Gold is currently trading around $3,335–$3,350/ounce, moving sideways in a narrow range with slight downside risk but still supported by safe-haven demand.
📊 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.
📊 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.