Gold prices edged higher in the previous session after the U.S. jobs report showed that the unemployment rate continued to rise, reinforcing expectations that the Fed will maintain its rate-cutting path. As rate expectations decline, the U.S. dollar weakens, providing a solid foundation for gold to sustain its medium-term bullish momentum.
From a technical perspective, XAUUSD on the H2 timeframe continues to maintain a clear bullish structure. Price is trading above the ascending trendline, indicating that buyers remain in control of the market. The 4,300 level is acting as a key support zone, consistently absorbing selling pressure during pullbacks.
As long as XAUUSD holds firmly above 4,300, the current retracement is likely purely technical. In this scenario, the bullish trend is expected to resume, with upside targets toward the 4,350 – 4,370 zone.
Overall, gold is being supported by both a favorable macro backdrop and a constructive price structure. While the trend remains intact, the optimal strategy is to stay patient and follow the flow of capital, using pullbacks as opportunities rather than chasing price.
From a technical perspective, XAUUSD on the H2 timeframe continues to maintain a clear bullish structure. Price is trading above the ascending trendline, indicating that buyers remain in control of the market. The 4,300 level is acting as a key support zone, consistently absorbing selling pressure during pullbacks.
As long as XAUUSD holds firmly above 4,300, the current retracement is likely purely technical. In this scenario, the bullish trend is expected to resume, with upside targets toward the 4,350 – 4,370 zone.
Overall, gold is being supported by both a favorable macro backdrop and a constructive price structure. While the trend remains intact, the optimal strategy is to stay patient and follow the flow of capital, using pullbacks as opportunities rather than chasing price.
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LEVEL UP YOUR TRADING
👉t.me/+NBWGUpNcAxsyYjRl
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
👉t.me/+NBWGUpNcAxsyYjRl
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.