Gold Could Extend Rally if Breaks 3,400

7月21日

📊 Market Overview

Gold is currently trading around 3,400 USD/oz, up approximately +1.41% over the past 24 hours.
The upward momentum is supported by a weakening US Dollar following dovish-leaning remarks from the Fed, along with growing demand for safe-haven assets amid trade uncertainties.

📉 Technical Analysis

• Key Resistance: ~3,400–3,405 USD (psychological zone; a break above could open the path for further gains).
• Nearest Support: ~3,370–3,375 USD, followed by 3,345–3,350 USD, which marks today’s low.
• EMA 09/20: Price is currently trading above both EMA 9 and EMA 20, confirming a short-term uptrend.
• Momentum / Oscillators: RSI is in the overbought zone; MACD and ADX still show a “buy” signal → bullish trend continues, but watch for possible technical pullbacks.

📌 Opinion

The price may continue to rise if it breaks above the 3,400 USD/oz level, especially if the USD remains weak and safe-haven flows continue to support gold. However, if there’s short-term selling pressure or a USD rebound, gold may pull back toward the 3,370–3,375 USD support zone.

💡 Trade Setup

SELL XAU/USD at: 3,400–3,405 USD
🎯 TP: 3,380 USD
❌ SL: 3,410 USD

BUY XAU/USD at: 3,370–3,375 USD
🎯 TP: 3,390–3,395 USD
❌ SL: 3,360 USD

7月22日

交易進行

Gold is consolidating around 3390 after dropping from 3401. Trend remains unclear — wait for a break of 3385 or 3400 before taking action.

7月22日

交易結束：目標達成

Gold has rebounded to 3390 after briefly testing the 3384 support zone — showing that buying interest remains. If it holds above 3388, the uptrend could continue toward the 3398–3400 zone.