XAUUSD has just staged a strong breakout from its consolidation zone and approached the 4,080 resistance level, indicating that buyers are in control of the short-term trend. The price is currently trading above both the EMA34 and EMA89, while the uptrend line remains intact, reflecting sustained positive momentum.
Following the sharp rally, a pullback to the 4,045 support zone is entirely normal. If this area holds and a bullish confirmation candle appears, it would signal that buying pressure is successfully absorbing profit-taking, opening the door for a retest of the 4,080 level.
Fundamentally, gold remains supported by expectations that the Fed will adopt a more cautious approach to interest rates, alongside safe-haven demand and steady buying from central banks. Meanwhile, the US dollar lacks the strength to disrupt gold's current recovery structure.
Strategy: Prioritize BUY positions if the price holds the 4,045 zone and a bullish confirmation signal appears; target 4,080. The bullish scenario is invalidated if the price closes below 4,045 on the H1 timeframe.
Following the sharp rally, a pullback to the 4,045 support zone is entirely normal. If this area holds and a bullish confirmation candle appears, it would signal that buying pressure is successfully absorbing profit-taking, opening the door for a retest of the 4,080 level.
Fundamentally, gold remains supported by expectations that the Fed will adopt a more cautious approach to interest rates, alongside safe-haven demand and steady buying from central banks. Meanwhile, the US dollar lacks the strength to disrupt gold's current recovery structure.
Strategy: Prioritize BUY positions if the price holds the 4,045 zone and a bullish confirmation signal appears; target 4,080. The bullish scenario is invalidated if the price closes below 4,045 on the H1 timeframe.
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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.