Gold has rebounded strongly from 3,880, breaking above the key 4,082 resistance. On the H3 chart, price has climbed above the Ichimoku Cloud, signaling stronger buying momentum and an improving short-term bullish structure.
The focus now shifts to 4,082, where former resistance could become support. If this level holds, XAUUSD may extend its recovery toward 4,140, followed by the 4,200–4,240 supply zone.
Fundamentally, a weaker US dollar and lower Treasury yields are supporting gold, although expectations of further Fed rate hikes could limit gains.
Trading Strategy: Favor BUY opportunities near 4,082 on a confirmed retest, targeting 4,140 and 4,200–4,240. A sustained break below 4,082 would weaken the bullish outlook.
The focus now shifts to 4,082, where former resistance could become support. If this level holds, XAUUSD may extend its recovery toward 4,140, followed by the 4,200–4,240 supply zone.
Fundamentally, a weaker US dollar and lower Treasury yields are supporting gold, although expectations of further Fed rate hikes could limit gains.
Trading Strategy: Favor BUY opportunities near 4,082 on a confirmed retest, targeting 4,140 and 4,200–4,240. A sustained break below 4,082 would weaken the bullish outlook.
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Want the full plan behind this analysis?
Free daily Forex, Gold, Crypto setups with reasoning
Entry, invalidation, targets and reviews
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Educational only. Not financial advice. Trading involves risk.
Free daily Forex, Gold, Crypto setups with reasoning
Entry, invalidation, targets and reviews
👉 Join free: t.me/+-HowPr1J4k03NGY1
Educational only. Not financial advice. Trading involves risk.
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.