Gold hits 3,717 low – Short-term technical rebound
Market Overview:
Last night, gold dropped to a low of 3.717 USD/oz under strong selling pressure from the US market. Currently, it rebounds slightly to 3.736 USD/oz, indicating emerging bottom-buying interest.
Technical Analysis:
• Support: 3,717 / 3.723 USD
• Resistance: 3.740 / 3.750 USD
• EMA: EMA50 trending down; EMA200 above price, medium-term downtrend persists
• Candlestick pattern: Hammer candle observed at 3,717 low, signaling possible technical rebound
Outlook:
Gold may rebound short-term toward 3.740–3.750 USD if buying pressure holds, but monitor price reaction at 3,717–3.723 USD to confirm reversal or continuation.
Trading Strategy:
🔺 BUY XAU/USD : 3.718 – 3.715
🎯 TP: 40/80/200 pips
🛑 SL: 3.712
🔻 SELL XAU/USD : 3.750 – 3.753
🎯 TP: 40/80/200 pips
🛑 SL: 3.756
Last night, gold dropped to a low of 3.717 USD/oz under strong selling pressure from the US market. Currently, it rebounds slightly to 3.736 USD/oz, indicating emerging bottom-buying interest.
Technical Analysis:
• Support: 3,717 / 3.723 USD
• Resistance: 3.740 / 3.750 USD
• EMA: EMA50 trending down; EMA200 above price, medium-term downtrend persists
• Candlestick pattern: Hammer candle observed at 3,717 low, signaling possible technical rebound
Outlook:
Gold may rebound short-term toward 3.740–3.750 USD if buying pressure holds, but monitor price reaction at 3,717–3.723 USD to confirm reversal or continuation.
Trading Strategy:
🔺 BUY XAU/USD : 3.718 – 3.715
🎯 TP: 40/80/200 pips
🛑 SL: 3.712
🔻 SELL XAU/USD : 3.750 – 3.753
🎯 TP: 40/80/200 pips
🛑 SL: 3.756
Operación activa
Gold fell to 3.732 and rebounded to 3.740, showing the 3.728–3.732 support is holding; the current rise is just a technical rebound, with nearby resistance at 3.740–3.743Operación cerrada: objetivo alcanzado
Gold is showing signs of recovery; however, the 3765–3772 zone will be crucial to determine the strength of buyers. If it fails there, the price could retest the 3755–3750 area.
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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
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.