After the Pullback, Gold May Head Toward the 3500 Mark

6 天前

📊 Market Overview:

Gold surged to 3444 during the Asian session on rising expectations of an early Fed rate cut after softer-than-expected US CPI data. However, profit-taking pushed prices back to the 3425 zone.

📉 Technical Analysis:

• Key Resistance: 3444
• Nearest Support: 3403 – 3406
• EMA 9: Price remains above EMA 9 → trend is still bullish.
• Momentum & RSI: RSI has cooled off from near-overbought territory (~70), suggesting a short-term pullback may occur.

📌 Outlook:

Gold may correct slightly toward support before resuming its upward trend if the 3403–3406 zone holds firm.

💡 Suggested Trading Strategy:

🔻 SELL XAU/USD at: 3440 – 3444
🎯 TP: 3420
❌ SL: 3449

🔺 BUY XAU/USD at: 3406 – 3403
🎯 TP: 3426
❌ SL: 3399

6 天前

交易進行

Gold remains in a short-term bullish trend, contingent on persistent Middle East geopolitical risks and a weak dollar. Still, elevated RSI suggests a possible brief pullback before resuming the rally.