📊 Market Summary:
Gold prices initially rose on weaker-than-expected U.S. jobs data, which lowered Treasury yields and weakened the U.S. dollar. However, after breaking the key support at $3,365, gold continued to decline toward $3,354, and briefly touched $3,352, signaling rising technical selling pressure. Despite a 92% market expectation for a Fed rate cut in September, the technical breach increases the risk of a deeper correction.
📉 Technical Analysis:
• Key Resistance: Around $3,365–$3,370 – this zone now acts as short-term resistance; stronger resistance lies at $3,375–$3,380 if prices recover.
• Nearest Support:
The $3,365 level was broken.
New support is seen at $3,352–$3,350; a continued drop may bring prices to $3,335, and possibly toward $3,310–$3,300.
• EMA 09: Price is now below the 9-day EMA, suggesting a short-term bearish trend.
• Momentum / Volume / Candlestick:
RSI is near 50, slightly bearish; volume is tapering on the downside, indicating distribution.
Early signs of a head-and-shoulders (H&S) pattern are developing.
📌 Outlook:
Gold may continue declining in the short term if it stays below the $3,350–$3,352 zone.
A further drop toward the $3,335 – $3,310 region is possible.
If price rebounds and closes above $3,365, the bearish momentum could be neutralized.
💡 Suggested Trade Strategy:
🔻 SELL XAU/USD : $3,355–$3,358
🎯 TP: 40/80/200 pips
❌ SL: ~$3,361
🔺 BUY XAU/USD : $3,305–$3,302 (if price pulls back deeper)
🎯 TP: 40/80/200 pips
❌ SL: ~$3,299
Gold prices initially rose on weaker-than-expected U.S. jobs data, which lowered Treasury yields and weakened the U.S. dollar. However, after breaking the key support at $3,365, gold continued to decline toward $3,354, and briefly touched $3,352, signaling rising technical selling pressure. Despite a 92% market expectation for a Fed rate cut in September, the technical breach increases the risk of a deeper correction.
📉 Technical Analysis:
• Key Resistance: Around $3,365–$3,370 – this zone now acts as short-term resistance; stronger resistance lies at $3,375–$3,380 if prices recover.
• Nearest Support:
The $3,365 level was broken.
New support is seen at $3,352–$3,350; a continued drop may bring prices to $3,335, and possibly toward $3,310–$3,300.
• EMA 09: Price is now below the 9-day EMA, suggesting a short-term bearish trend.
• Momentum / Volume / Candlestick:
RSI is near 50, slightly bearish; volume is tapering on the downside, indicating distribution.
Early signs of a head-and-shoulders (H&S) pattern are developing.
📌 Outlook:
Gold may continue declining in the short term if it stays below the $3,350–$3,352 zone.
A further drop toward the $3,335 – $3,310 region is possible.
If price rebounds and closes above $3,365, the bearish momentum could be neutralized.
💡 Suggested Trade Strategy:
🔻 SELL XAU/USD : $3,355–$3,358
🎯 TP: 40/80/200 pips
❌ SL: ~$3,361
🔺 BUY XAU/USD : $3,305–$3,302 (if price pulls back deeper)
🎯 TP: 40/80/200 pips
❌ SL: ~$3,299
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
📊 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
관련 발행물
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.