Gold Under Bearish Pressure, Risk of Breaking Below 4,600
📊 Market Overview:
Global gold prices (XAU/USD) are currently trading around 4,615 USD/oz after briefly falling to the 4,608 USD/oz area during today’s session. Selling pressure continues to increase as the USD remains strong and U.S. bond yields stay elevated, causing capital to temporarily move away from safe-haven assets like gold.
📉 Technical Analysis:
• Key resistance levels:
o 4,630 – 4,635
o 4,650 – 4,660
• Nearest support levels:
o 4,608 – 4,600
o 4,580 – 4,575
• EMA: Price is currently trading below the EMA 09 on the H1 timeframe → the short-term trend remains bearish.
• Candlestick / volume / momentum analysis:
o After the sharp decline from the 4,718 area, price only showed a weak recovery and continues forming lower highs.
o Selling volume increased after price broke below 4,630.
o RSI remains below the neutral 50 level, indicating sellers are still in control.
o The 4,600 area is seeing dip-buying demand, but no clear reversal signal has appeared yet.
📌 Outlook:
Gold may continue to decline in the short term if price cannot reclaim the 4,630 – 4,635 area. If the 4,600 level is broken, price could extend losses toward the 4,580 – 4,575 zone.
💡 Suggested Trading Strategy:
🔻 SELL XAU/USD at: 4,632 – 4,635
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 4,640
🔺 BUY XAU/USD at: 4,575 – 4,572
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 4,567
Global gold prices (XAU/USD) are currently trading around 4,615 USD/oz after briefly falling to the 4,608 USD/oz area during today’s session. Selling pressure continues to increase as the USD remains strong and U.S. bond yields stay elevated, causing capital to temporarily move away from safe-haven assets like gold.
📉 Technical Analysis:
• Key resistance levels:
o 4,630 – 4,635
o 4,650 – 4,660
• Nearest support levels:
o 4,608 – 4,600
o 4,580 – 4,575
• EMA: Price is currently trading below the EMA 09 on the H1 timeframe → the short-term trend remains bearish.
• Candlestick / volume / momentum analysis:
o After the sharp decline from the 4,718 area, price only showed a weak recovery and continues forming lower highs.
o Selling volume increased after price broke below 4,630.
o RSI remains below the neutral 50 level, indicating sellers are still in control.
o The 4,600 area is seeing dip-buying demand, but no clear reversal signal has appeared yet.
📌 Outlook:
Gold may continue to decline in the short term if price cannot reclaim the 4,630 – 4,635 area. If the 4,600 level is broken, price could extend losses toward the 4,580 – 4,575 zone.
💡 Suggested Trading Strategy:
🔻 SELL XAU/USD at: 4,632 – 4,635
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 4,640
🔺 BUY XAU/USD at: 4,575 – 4,572
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 4,567
تم فتح الصفقة
Gold may rebound toward the 4,580–4,590 resistance zone before resuming its decline. If price breaks below 4,545, it could extend losses toward 4,520–4,500.أغلقت الصفقة: تم الوصول للهدف
Gold may rebound toward the 4,555–4,565 resistance zone before continuing its decline. If price breaks below 4,525, it could extend losses toward the 4,500–4,480 area.
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منشورات ذات صلة
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📊 Forex | Gold | Crypto Market Insights
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.