Lingrid | GOLD Weekly Analysis: Risk-Off Trade Unwinds

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XAUUSD endured another challenging week as the Iran-Israel ceasefire continued to diminish safe-haven demand, while robust equity market performance drew capital away from precious metals. The risk-on environment has fundamentally shifted investor priorities, with growth assets overshadowing traditional defensive plays like gold.

The chart reveals gold testing the crucial $3,270 support zone, representing a significant confluence level where the upward trendline intersects with horizontal support. This area has historically provided strong buying interest and serves as a critical inflection point for gold's medium-term direction.

From a broader perspective, the 4H chart shows gold approaching the lower boundary of its established upward channel around $3,250. The pullback from the HH near $3,450 has accelerated through multiple support levels, with the downward trendline acting as dynamic support to any recovery attempts.

A decisive break below the $3,235 - $3,250 support confluence could trigger further selling toward the $3,200 major support zone. However, the long-term upward trendline dating back several months provides substantial technical backing. A successful defense of current levels would likely attract value buyers and could spark a relief rally toward the $3,330-$3,350 resistance area, particularly if geopolitical tensions resurface or equity markets show signs of fatigue.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

9 小時前

交易進行

XAUUSD is rebounding after a corrective pullback from the 3,451 high, testing key support at the confluence of the upward channel and broken triangle resistance. Price has bounced from the 3,260–3,285 zone, and continuation of this rebound could aim for the 3,345 barrier. If momentum holds, gold may retest the upper resistance zone around 3,450 next.

📈 Key Levels
- Buy zone: 3,260–3,285
- Sell trigger: breakdown below 3,267
- Target: 3,345
- Buy trigger: breakout and retest above 3,295 with strong momentum

💡 Risks
- Break below the ascending channel support may invite a deeper drop
- Weak rebound volume could limit upside near 3,295
- Failure to reclaim 3,295 keeps bears in control short-term