Gold Ranges at $3,330–$3,335 – Ready for the Next Move

5 hari lalu

📊 Market Overview:
Gold is currently trading around $3,330–$3,335/oz, supported by a softer US Dollar and cautious sentiment ahead of key US labor data. According to TradingView, gold is consolidating in a tight range, reflecting market indecision while awaiting a clear breakout signal.

📉 Technical Analysis:
• Key resistance: $3,345–3,350 – a strong supply zone that recently rejected price.
• Nearest support: $3,320–3,330 – multiple bounce points observed here.
• EMA09: Price is hovering around the 09 EMA on both 1h–4h timeframes → neutral/slightly ranging.
• Candlestick / Volume / Momentum:
o A “bearish flag” pattern appears to be forming, suggesting potential for a downside breakout.
o Weak buying volume during upward moves signals limited bullish strength.

📌 Outlook:
• Gold may continue to consolidate between $3,330–$3,345.
• A break above $3,345 with strong volume could open the path to $3,360–$3,380.
• A break below $3,330 could lead to further correction toward $3,300–$3,320.

💡 Suggested Trading Strategy:

SELL XAU/USD at: 3,343 – 3,345
🎯 TP: 40/80/200 pips
❌ SL: 3,355
BUY XAU/USD at: 3,330 – 3,327
🎯 TP: 40/80/200 pips
❌ SL: 3,320

5 hari lalu

Dagangan aktif

Gold breaks below 3320 and may decline to 3300

5 hari lalu

Dagangan ditutup: sasaran tercapai

Gold just retested the 3297 level but failed to break lower, indicating buying interest at this support. If the price holds above this zone, a short-term rebound is possible.