Gold Maintains Uptrend Amid Geopolitical Tensions
📊 Market Overview:
Gold is currently trading around 5,350 – 5,360 USD/oz, maintaining strong bullish momentum as safe-haven flows continue due to geopolitical tensions and global risk concerns. The USD has not shown a clear recovery yet, helping gold hold firm at elevated levels early this week.
📉 Technical Analysis:
🔹 Key Resistance: 5,390 – 5,400 | 5,430 – 5,450
🔹 Nearest Support: 5,320 – 5,325 | 5,280 – 5,290
🔹 EMA 09: Price remains above H1 EMA09 → short-term bias stays bullish.
🔹 Candlestick / Volume / Momentum: Strong consecutive bullish candles appeared. However, longer upper wicks suggest profit-taking pressure near resistance. Volume increased during the rally but is starting to slow → possible short-term technical pullback. RSI is approaching overbought territory.
📌 Outlook:
Gold may continue to test 5,390 – 5,400. However, if it fails to break decisively, a pullback toward 5,320 is likely in the short term.
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💡 Proposed Trading Strategy:
🔻 SELL XAU/USD: 5,447 – 5,450
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 5,454
🔺 BUY XAU/USD: 5,280 – 5,277
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 5,273
Gold is currently trading around 5,350 – 5,360 USD/oz, maintaining strong bullish momentum as safe-haven flows continue due to geopolitical tensions and global risk concerns. The USD has not shown a clear recovery yet, helping gold hold firm at elevated levels early this week.
📉 Technical Analysis:
🔹 Key Resistance: 5,390 – 5,400 | 5,430 – 5,450
🔹 Nearest Support: 5,320 – 5,325 | 5,280 – 5,290
🔹 EMA 09: Price remains above H1 EMA09 → short-term bias stays bullish.
🔹 Candlestick / Volume / Momentum: Strong consecutive bullish candles appeared. However, longer upper wicks suggest profit-taking pressure near resistance. Volume increased during the rally but is starting to slow → possible short-term technical pullback. RSI is approaching overbought territory.
📌 Outlook:
Gold may continue to test 5,390 – 5,400. However, if it fails to break decisively, a pullback toward 5,320 is likely in the short term.
━━━━━━━━━━━━━━━━━━
💡 Proposed Trading Strategy:
🔻 SELL XAU/USD: 5,447 – 5,450
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 5,454
🔺 BUY XAU/USD: 5,280 – 5,277
🎯 TP: 40 / 80 / 200 / 300 pips
❌ SL: 5,273
Dagangan aktif
After breaking above 5,400 and surging strongly to 5,420, gold is confirming a short-term uptrend and may continue moving toward the 5,440 area.
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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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.