📊 Market Drivers
• Gold dropped to around $3,352, touching a key support zone, then quickly rebounded to $3,373, gaining over +20 points.
• The rebound is supported by continued weakness in the US Dollar and slight easing in Treasury yields, keeping gold attractive as a safe haven.
• Although some optimism around US-Japan trade negotiations slightly reduced risk aversion, it wasn’t enough to push gold below support.
📉 Technical Analysis
• Key Resistance:
o $3,397 – $3,400: psychological resistance and near the next bullish breakout zone.
o If breached, next target lies around $3,420–3,445.
• Nearest Support:
o $3,356 – $3,364: recently confirmed support zone that triggered the current rebound.
o Deeper support at $3,326 – $3,320 if the rebound fails.
• EMA (EMA50):
o Price remains above the 50-period EMA, indicating bullish momentum in the short term.
• Patterns & Momentum:
o Market structure shows a "rising low" pattern — a bullish signal that buyers are stepping in at higher levels.
o RSI was briefly in oversold territory and now supports a recovery bounce.
o If $3,356 holds, the upside targets remain valid toward $3,397 → $3,439.
📌 Assessment
• Gold has confirmed strong support at $3,356–3,364, with the rebound from $3,352 as proof.
• Short-term uptrend remains intact, unless the USD strengthens sharply or unexpected macro news hits.
• If gold breaks below $3,356, it may retrace toward $3,326–3,320, but the upside potential is currently favored.
💡 Suggested Trade Setups
BUY XAU/USD: $3,356–3,364
🎯 Take Profit: 40/80/200 pips
❌ Stop Loss: $3,346
SELL XAU/USD: $3,397–3,400
🎯 Take Profit: 40/80/200 pips
❌ Stop Loss: $3,407
• Gold dropped to around $3,352, touching a key support zone, then quickly rebounded to $3,373, gaining over +20 points.
• The rebound is supported by continued weakness in the US Dollar and slight easing in Treasury yields, keeping gold attractive as a safe haven.
• Although some optimism around US-Japan trade negotiations slightly reduced risk aversion, it wasn’t enough to push gold below support.
📉 Technical Analysis
• Key Resistance:
o $3,397 – $3,400: psychological resistance and near the next bullish breakout zone.
o If breached, next target lies around $3,420–3,445.
• Nearest Support:
o $3,356 – $3,364: recently confirmed support zone that triggered the current rebound.
o Deeper support at $3,326 – $3,320 if the rebound fails.
• EMA (EMA50):
o Price remains above the 50-period EMA, indicating bullish momentum in the short term.
• Patterns & Momentum:
o Market structure shows a "rising low" pattern — a bullish signal that buyers are stepping in at higher levels.
o RSI was briefly in oversold territory and now supports a recovery bounce.
o If $3,356 holds, the upside targets remain valid toward $3,397 → $3,439.
📌 Assessment
• Gold has confirmed strong support at $3,356–3,364, with the rebound from $3,352 as proof.
• Short-term uptrend remains intact, unless the USD strengthens sharply or unexpected macro news hits.
• If gold breaks below $3,356, it may retrace toward $3,326–3,320, but the upside potential is currently favored.
💡 Suggested Trade Setups
BUY XAU/USD: $3,356–3,364
🎯 Take Profit: 40/80/200 pips
❌ Stop Loss: $3,346
SELL XAU/USD: $3,397–3,400
🎯 Take Profit: 40/80/200 pips
❌ Stop Loss: $3,407
Zlecenie aktywne
Today's plan is reasonable given the lack of news, with the market leaning toward consolidation and recovery. Priority is to BUY around $3350–3354, and wait for a confirmed breakout above $3377 to extend the upside. Avoid FOMO in the middle of the range.
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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
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.