XAUUSD has been forming a countertrend correction toward the 4,400–4,430 liquidity zone since the session opened. The fundamental backdrop remains weak, and the market is still in a bearish trend
The dollar is stagnating after breaking through local resistance levels. The Fed’s hawkish stance and rising rates are supporting the Dollar Index, which is putting medium-term pressure on the metals market. However, the correction in oil prices is giving gold some room to recover as it tests key levels.
Gold is stabilizing, but further upside remains limited by the Fed’s hawkish outlook and geopolitical risks. The BOJ decision and developments in the Middle East will determine the short-term direction
Drivers:
Upside: further declines in oil prices and yields, de-escalation of the conflict, softer U.S. data, dovish BOJ.
Downside: escalation in the Middle East, higher oil prices, hawkish Fed stance, dollar strength
Resistance levels: 4,402, 4,435, 4,495
Support levels: 4,340, 4,253, 4,200
Gold is forming a countertrend correction amid dollar stagnation. A short squeeze of the 4,400–4,435 resistance zone — with the key focus on two triggers — could trigger a decline toward the key support levels. The formation of reversal patterns after the retest could provide a potential entry opportunity
Best regards,
R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
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🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.