📊 Market Overview:
Global gold prices entered the first trading session of the week with cautious sentiment. After reaching the strong resistance level at 4,740 USD late last week, prices experienced a technical correction due to profit-taking pressure. Currently, the market is waiting for further signals from inflation reports and geopolitical developments to determine the next major trend.
📉 Technical Analysis:
• Important resistance: 4,710 USD | 4,740 USD
• Nearest support: 4,685 USD | 4,670 USD
• EMA: The current price (4,687 USD) is trading above the DEMA 09 (4,684) but still below the SMA 09 (4,698) → The short-term trend remains highly volatile; bearish momentum is showing signs of slowing down near the nearest support zone.
• Candlestick / volume / momentum pattern: RSI (14) is currently at 41.61, indicating that selling pressure still exists but is beginning to enter an accumulation phase. The latest H1 candle formed a lower wick (rejection) right at the 4,685 zone, suggesting dip-buying demand is emerging.
📌 Outlook:
Gold may recover in the short term toward the 4,700 USD level if it can hold firmly above the 4,685 USD support zone. If the H1 candle closes below 4,682 USD, the bearish trend could continue toward the 4,670 USD area.
💡 Suggested Trading Strategy:
🔻 SELL XAU/USD: 4,707 – 4,710
• 🎯 TP: 40/80/200/300 pips
• ❌ SL: 4,714
🔺 BUY XAU/USD at: 4,670 – 4,667
• 🎯 TP: 40/80/200/300 pips
• ❌ SL: 4,663
Global gold prices entered the first trading session of the week with cautious sentiment. After reaching the strong resistance level at 4,740 USD late last week, prices experienced a technical correction due to profit-taking pressure. Currently, the market is waiting for further signals from inflation reports and geopolitical developments to determine the next major trend.
📉 Technical Analysis:
• Important resistance: 4,710 USD | 4,740 USD
• Nearest support: 4,685 USD | 4,670 USD
• EMA: The current price (4,687 USD) is trading above the DEMA 09 (4,684) but still below the SMA 09 (4,698) → The short-term trend remains highly volatile; bearish momentum is showing signs of slowing down near the nearest support zone.
• Candlestick / volume / momentum pattern: RSI (14) is currently at 41.61, indicating that selling pressure still exists but is beginning to enter an accumulation phase. The latest H1 candle formed a lower wick (rejection) right at the 4,685 zone, suggesting dip-buying demand is emerging.
📌 Outlook:
Gold may recover in the short term toward the 4,700 USD level if it can hold firmly above the 4,685 USD support zone. If the H1 candle closes below 4,682 USD, the bearish trend could continue toward the 4,670 USD area.
💡 Suggested Trading Strategy:
🔻 SELL XAU/USD: 4,707 – 4,710
• 🎯 TP: 40/80/200/300 pips
• ❌ SL: 4,714
🔺 BUY XAU/USD at: 4,670 – 4,667
• 🎯 TP: 40/80/200/300 pips
• ❌ SL: 4,663
تم فتح الصفقة
Gold remains in a strong bearish trend. However, with RSI below 30, it is not recommended to chase Sell positions at current levels. Traders should prioritize waiting for price rebounds toward resistance zones to Sellأغلقت الصفقة: تم الوصول للهدف
Gold is currently in a “free fall” state, and the next target could be the 4,650 USD zone.
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📰 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.