Possible Pullback to 3260 If 3300 Breakthrough Attempt Fails

204
Review of the Day's Trends
Gold opened with a slight upward movement before turning bearish, dipping to a low of 3,204 before reboundingšŸ“ˆ. It traded in a narrow range between 3,210 and 3,220, then surged during the U.S. trading sessionšŸ’¹, hitting a high of around 3,285 and ultimately closing near 3,280šŸ“Š.

Analysis of Rising Factors

Geopolitical FactorsšŸŒ:
Escalating conflicts—Israel’s ground offensive in Gaza, Russia’s airstrikes, and Iran’s uranium enrichment—heightened risk aversion. Gold’s safe-haven status drove demandšŸ“ˆ.
Economic Data and Policy ExpectationsšŸ“Š:
Moody’s U.S. credit downgrade fueled caution, while Fed rate-cut expectations (57bps in 2025) lowered gold’s opportunity cost, boosting appeal.

Technical AnalysisšŸ“‰šŸ“ˆ:

Daily chart: MACD green bars shrinking toward zero, 5-day MA nearing a bullish cross with 10-day MA—signaling upward momentumšŸš€.
4-hour chart: Resistance at 3,250 (last Friday’s decline origin)āš ļø. Failure to hold 3,285 could lead to a retracement to 3,260–3,240šŸ”»; a break above 3,285 may target 3,300šŸ”ŗ

It is likely that a pullback will occur

āš”ļøāš”ļøāš”ļø XAUUSD āš”ļøāš”ļøāš”ļø

šŸš€ Sell@3285
šŸš€ TP 3270 - 3260

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