📊 Market Overview:
Gold prices are extending their gains during the Asian and European sessions today, as the US dollar weakens following weaker-than-expected US jobs data. Rising unemployment and a softer Non-Farm Payroll report boosted expectations that the Fed may cut interest rates in September. The US 10-year Treasury yield also dipped slightly, supporting gold's safe-haven appeal.
📉 Technical Analysis:
• Key Resistance: $3,385 – $3,390
• Nearest Support: $3,365 – $3,370
• EMA: Price is trading above the EMA 09, indicating a short-term bullish trend
• Candles / Volume / Momentum: H1 candles show steady buying pressure with stable volume, but we should monitor potential profit-taking if price nears the $3,390–$3,400 zone.
📌 Outlook:
Gold may continue to rise in the short term if USD weakness persists and bond yields stay low. However, failure to break above $3,390 could lead to a pullback toward support levels.
💡 Suggested Trading Strategy:
🔺 BUY XAU/USD: $3,365 – $3,368
🎯 TP: 40/80/200 pips
❌ SL: $3,362
🔻 SELL XAU/USD : $3,392 – $3,395 (if reversal signal appears)
🎯 TP: 40/80/200 pips
❌ SL: $3,398
Gold prices are extending their gains during the Asian and European sessions today, as the US dollar weakens following weaker-than-expected US jobs data. Rising unemployment and a softer Non-Farm Payroll report boosted expectations that the Fed may cut interest rates in September. The US 10-year Treasury yield also dipped slightly, supporting gold's safe-haven appeal.
📉 Technical Analysis:
• Key Resistance: $3,385 – $3,390
• Nearest Support: $3,365 – $3,370
• EMA: Price is trading above the EMA 09, indicating a short-term bullish trend
• Candles / Volume / Momentum: H1 candles show steady buying pressure with stable volume, but we should monitor potential profit-taking if price nears the $3,390–$3,400 zone.
📌 Outlook:
Gold may continue to rise in the short term if USD weakness persists and bond yields stay low. However, failure to break above $3,390 could lead to a pullback toward support levels.
💡 Suggested Trading Strategy:
🔺 BUY XAU/USD: $3,365 – $3,368
🎯 TP: 40/80/200 pips
❌ SL: $3,362
🔻 SELL XAU/USD : $3,392 – $3,395 (if reversal signal appears)
🎯 TP: 40/80/200 pips
❌ SL: $3,398
Trade attivo
Gold is pulling back to the $3365–$3366 support zone; if it holds, a rebound may occur during the U.S. session.Trade chiuso: obiettivo raggiunto
Gold is consolidating between $3365–$3375; if it holds above $3365, it may continue rising during the U.S. session, but a break below $3362 could trigger a deeper pullback.
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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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.