Gold Consolidates Around $3,340–Mild Bullish Bias Ahead CPI Data

7 天前

📊 Market Summary
Gold is consolidating around $3,340/oz, up about 0.5% today, as investors seek safe-haven assets amid ongoing US–China trade tensions. The market is also closely watching the upcoming U.S. CPI data release.

📉 Technical Analysis

Key Resistance:

• $3,350–3,360 – recent swing highs, aligning with the intraday EMA50 and Fibonacci resistance.
• $3,370–3,380 – major monthly high, potential breakout zone.

Nearest Support:
• $3,320–3,330 – EMA20–21 zone, daily support and key pivot level.
• Below $3,320, next support lies near $3,300.

EMA 09:
• Price is trading above EMA9 but still below EMA21–50 → suggests neutral-to-slightly bullish intraday bias.

Candlesticks / Volume / Momentum:
• Small-bodied candles with low volume → signs of sideways movement.
• RSI on H1 ~60, H4 ~55 → modest upward momentum, not yet overbought.

📌 Outlook
Gold is likely to continue consolidating around $3,340, with mild upside potential if the U.S. CPI data comes in hot or trade talks remain inconclusive.

💡 Suggested Trading Strategy

SELL XAU/USD at: $3,350–3,355

🎯 TP: $3,330–3,335
❌ SL: $3,360

BUY XAU/USD at: $3,320–3,330
🎯 TP: $3,340–3,345
❌ SL: $3,310

7 天前

交易進行

Gold has surged to $3,353 following the release of the U.S. CPI data. Traders can consider setting up a sell signal in the $3,350–$3,355 zone.

6 天前

交易結束：目標達成

Gold has surged to the 3375 level following the CPI news. Traders may consider a Sell around the 3375 area as per the signal.
Note: Everyone should consider managing risk as conservatively as possible.