1. Market Overview:
During the European session, gold dropped sharply from 3985 to 3956 but quickly rebounded after touching the key support area around 3974. The price is now fluctuating near 3980, indicating that dip buyers have re-entered the market after the short-term correction.
2. Technical Analysis:
• Short-term trend: Neutral to slightly bullish
• Resistance levels: 3988 – 3995 / 4010 – 4025
• Support levels: 3974 – 3960 / 3945 – 3930
• The price is currently trading above the EMA20 and EMA50 on the H1 timeframe, and the bullish candle bounce confirms 3974 as a short-term support.
• If the price sustains above 3975, the upward move could extend toward 3995 – 4010.
3. Outlook:
Gold is currently sideways in accumulation mode between 3950–3990. Buyers are regaining control, but a clear breakout above 3988 is needed to confirm further upside momentum.
4. Suggested Trading Strategy:
🔺 BUY XAU/USD
Entry: 3975–3978
🎯 TP: 3990 / 4005 / 4020
🛑 SL: 3960
🟢 Strategy: Buy continuation as long as price holds above 3975
________________________________________
🔻 SELL XAU/USD (only if price fails to break 3988–3995)
Entry: 3988–3995
🎯 TP: 3970 / 3956 / 3935
🛑 SL: 4005
During the European session, gold dropped sharply from 3985 to 3956 but quickly rebounded after touching the key support area around 3974. The price is now fluctuating near 3980, indicating that dip buyers have re-entered the market after the short-term correction.
2. Technical Analysis:
• Short-term trend: Neutral to slightly bullish
• Resistance levels: 3988 – 3995 / 4010 – 4025
• Support levels: 3974 – 3960 / 3945 – 3930
• The price is currently trading above the EMA20 and EMA50 on the H1 timeframe, and the bullish candle bounce confirms 3974 as a short-term support.
• If the price sustains above 3975, the upward move could extend toward 3995 – 4010.
3. Outlook:
Gold is currently sideways in accumulation mode between 3950–3990. Buyers are regaining control, but a clear breakout above 3988 is needed to confirm further upside momentum.
4. Suggested Trading Strategy:
🔺 BUY XAU/USD
Entry: 3975–3978
🎯 TP: 3990 / 4005 / 4020
🛑 SL: 3960
🟢 Strategy: Buy continuation as long as price holds above 3975
________________________________________
🔻 SELL XAU/USD (only if price fails to break 3988–3995)
Entry: 3988–3995
🎯 TP: 3970 / 3956 / 3935
🛑 SL: 4005
Trade aktif
Gold is consolidating within the 3964–3985 range and needs a clear breakout to determine its next direction.Trading ditutup: target tercapai
The gold market still lacks clear momentum. However, buying support around $3975–$3980 may help the price maintain above the $3980 level in the short term.
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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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.