📊 Market Overview:
Gold prices (XAU/USD) are currently fluctuating around 4,795 – 4,800 USD/oz after a slight decline at the beginning of the week due to the recovery of the USD and rising bond yields. However, buying interest remains at lower support levels as the market awaits further signals from the U.S. Federal Reserve’s interest rate policy and geopolitical developments.
At the moment, the market is in a sideways accumulation phase before determining a clearer direction in the U.S. session.
📉 Technical Analysis:
• Key Resistance:
4,812
4,825
• Nearest Support:
4,785
4,772
• EMA:
Price is fluctuating around EMA 09 → short-term trend remains sideways with no clear direction yet.
• Candlestick / Volume / Momentum:
Small candles appearing consecutively → sign of market accumulation
Volume slightly decreasing after the previous drop → selling pressure weakening
Momentum is neutral → breakout likely when U.S. session liquidity increases or major news appears
📌 Outlook:
Gold could rebound in the short term if it holds above 4,785 and breaks decisively above 4,812.
Conversely, if 4,772 is broken, the price may extend its correction to lower levels.
💡 Trading Strategy:
🔻 SELL XAU/USD: 4,825 – 4,830
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 4,835
🔺 BUY XAU/USD: 4,785 – 4,780
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 4,775
Gold prices (XAU/USD) are currently fluctuating around 4,795 – 4,800 USD/oz after a slight decline at the beginning of the week due to the recovery of the USD and rising bond yields. However, buying interest remains at lower support levels as the market awaits further signals from the U.S. Federal Reserve’s interest rate policy and geopolitical developments.
At the moment, the market is in a sideways accumulation phase before determining a clearer direction in the U.S. session.
📉 Technical Analysis:
• Key Resistance:
4,812
4,825
• Nearest Support:
4,785
4,772
• EMA:
Price is fluctuating around EMA 09 → short-term trend remains sideways with no clear direction yet.
• Candlestick / Volume / Momentum:
Small candles appearing consecutively → sign of market accumulation
Volume slightly decreasing after the previous drop → selling pressure weakening
Momentum is neutral → breakout likely when U.S. session liquidity increases or major news appears
📌 Outlook:
Gold could rebound in the short term if it holds above 4,785 and breaks decisively above 4,812.
Conversely, if 4,772 is broken, the price may extend its correction to lower levels.
💡 Trading Strategy:
🔻 SELL XAU/USD: 4,825 – 4,830
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 4,835
🔺 BUY XAU/USD: 4,785 – 4,780
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 4,775
Trade active
Gold may continue to decline while below 4,785 with targets at 4,765–4,750, but a move back above 4,800 would invalidate the short-term bearish outlook.Trade closed: target reached
Gold has dropped sharply to the 4,725 level; if it continues to stay below 4,740, the short-term trend may extend its decline toward the 4,705 – 4,690 zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.