Gold Rebounds from 3283, Eyes 3315 Resistance

5 天前

📊 Market Overview:
• Gold dropped sharply to a low of $3283 earlier today before rebounding strongly back to around $3312, supported by renewed buying interest.
• The recovery is fueled by risk-off sentiment amid ongoing trade negotiation uncertainty and a mild pullback in the U.S. Dollar Index.
• Central bank buying continues to underpin gold’s base, despite mild pressure from rising U.S. bond yields.
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📉 Technical Analysis:
• Key Resistance: $3315 – $3335
• Nearest Support: $3280
• EMA 09: Price is trading above the 9-period EMA, signaling a short-term bullish trend.
• Candle pattern / Momentum: A strong bullish engulfing candle formed after bouncing from $3283 on the H1 chart. MACD is crossing upward, and RSI is approaching the 60 level, suggesting bullish momentum.
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📌 Outlook:
Gold may continue to recover in the short term if it holds above the $3300 level and successfully breaks through $3315 resistance. However, failure to break above this resistance could lead to a short-term pullback toward $3290–$3280.
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💡 Suggested Trading Strategy:
🔻 SELL XAU/USD at: $3315–3325
🎯 TP: $3295
❌ SL: $3330
🔺 BUY XAU/USD at: $3285–3295
🎯 TP: $3315
❌ SL: $3280

4 天前

交易進行

Gold is trading around 3315, within the strong resistance zone of 3315–3330. Sellers are reacting clearly, and price may face a short-term pullback if it fails to break above 3330. Strategy: look to sell around 3315–3325, SL above 3332; or wait to buy near 3290 if support signals appear.