📊 Market Overview
Gold reached a new high at $3,895, approaching the psychological $3,900 level, before facing profit-taking pressure and retreating toward $3,885. The market shows caution when testing strong resistance, as the USD remains weak and safe-haven demand persists.
📈 Technical Analysis
• Near-term Resistance: $3,895 – $3,900
• Strong Resistance: $3,915
• Near-term Support: $3,873 – $3,870
• Strong Support: $3,860 – $3,850
• EMA20 (H1): Price remains above EMA20, keeping the short-term uptrend intact.
• H1 Candlestick: Long upper wick at $3,895 indicates strong selling pressure at resistance, raising the risk of a short-term pullback.
📌 Outlook
Gold maintains its short-term bullish trend, but the $3,895–$3,900 zone remains a key barrier. A breakout could push price to $3,915, while a correction to $3,880–$3,872 would be normal consolidation before further gains. A break below $3,872 may drive price toward $3,860.
🎯 Trading Strategy
🔺 BUY XAU/USD
• Entry: $3,872 – $3,869
• 🎯 TP: 40 / 80 / 200 pips
• 🛑 SL: $3,866
Gold reached a new high at $3,895, approaching the psychological $3,900 level, before facing profit-taking pressure and retreating toward $3,885. The market shows caution when testing strong resistance, as the USD remains weak and safe-haven demand persists.
📈 Technical Analysis
• Near-term Resistance: $3,895 – $3,900
• Strong Resistance: $3,915
• Near-term Support: $3,873 – $3,870
• Strong Support: $3,860 – $3,850
• EMA20 (H1): Price remains above EMA20, keeping the short-term uptrend intact.
• H1 Candlestick: Long upper wick at $3,895 indicates strong selling pressure at resistance, raising the risk of a short-term pullback.
📌 Outlook
Gold maintains its short-term bullish trend, but the $3,895–$3,900 zone remains a key barrier. A breakout could push price to $3,915, while a correction to $3,880–$3,872 would be normal consolidation before further gains. A break below $3,872 may drive price toward $3,860.
🎯 Trading Strategy
🔺 BUY XAU/USD
• Entry: $3,872 – $3,869
• 🎯 TP: 40 / 80 / 200 pips
• 🛑 SL: $3,866
Trade active
Gold, after reaching its peak, is now undergoing a correction and trading around 3875Trade closed: target reached
Gold is fluctuating strongly between 3877 – 3855, awaiting a breakout to determine the next trend.
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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
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.