Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around the 4,460 zone. Gold is trading in an overall uptrend and currently is in a correction phase in which price is approaching the trendline support around the 4,460 support and resistance area.
From the macro side, gold remains fundamentally supported by ongoing geopolitical tensions in the Middle East, which continue to keep safe-haven demand active across the market. At the same time, extreme volatility in oil prices is increasing inflation uncertainty, which keeps investors cautious and supportive of long-term gold demand.
Although the US Dollar is still trading near multi-month highs and Treasury yields remain elevated, gold’s recent pullback appears more corrective than structural. The move into the 4,460 demand zone aligns with dip-buying interest, especially as traders begin positioning ahead of this week’s high-impact US data releases, including ISM and Nonfarm Payrolls, which could quickly weaken the dollar if data misses expectations.
As long as price holds above the 4,460 support zone, the broader bullish structure remains intact, and we anticipate a continuation move toward higher resistance levels as safe-haven flows and macro uncertainty continue to support the upside.
Trade safe
Joe
From the macro side, gold remains fundamentally supported by ongoing geopolitical tensions in the Middle East, which continue to keep safe-haven demand active across the market. At the same time, extreme volatility in oil prices is increasing inflation uncertainty, which keeps investors cautious and supportive of long-term gold demand.
Although the US Dollar is still trading near multi-month highs and Treasury yields remain elevated, gold’s recent pullback appears more corrective than structural. The move into the 4,460 demand zone aligns with dip-buying interest, especially as traders begin positioning ahead of this week’s high-impact US data releases, including ISM and Nonfarm Payrolls, which could quickly weaken the dollar if data misses expectations.
As long as price holds above the 4,460 support zone, the broader bullish structure remains intact, and we anticipate a continuation move toward higher resistance levels as safe-haven flows and macro uncertainty continue to support the upside.
Trade safe
Joe
Giao dịch đang hoạt động
beautiful sniper trigger from the trend!Đóng lệnh: đạt mục tiêu
Free Telegram Group:
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Free Telegram Group:
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.