Gold consolidates at 4090 – Downside risk if 4070 breaks

kelmarin

1. Market Overview
Gold (XAU/USD) rebounded slightly from the 4081 low after a quick wick rejection, now trading around 4090–4092. The market remains under pressure from the upper supply zone, while buying momentum is still weak. Traders are waiting for U.S. economic data later today to determine the next direction.
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2. Technical Analysis
• Main trend: Short-term bearish
• Key resistances: 4108 – 4115 – 4132
• Major supports: 4070 – 4060 – 4045
• EMA50/200 (H1): Still in a bearish crossover, indicating ongoing downside momentum.
• H1 Candles: Narrow range with long lower wicks — showing mild buying but no strength.
• RSI (H1): Hovering around 45 – not oversold yet, leaving room for further decline.
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3. Outlook
Gold remains in a consolidation phase after a recent drop, with no clear reversal signal yet. As long as the price stays below 4115, the short-term bearish bias prevails. A break below 4070 could push prices toward 4060 or even 4045. Conversely, a close above 4115 (H1) may trigger a short-term bullish correction.
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4. Trading Strategy
🔻 SELL XAU/USD
Entry: 4111 – 4114
🎯 TP: 40 / 80 / 200 pips
🛑 SL: 4117
🔺 BUY XAU/USD
Entry: 4061 – 4064
🎯 TP: 40 / 80 / 200 pips
🛑 SL: 4058

kelmarin

Dagangan aktif

Gold is recovering positively after a strong pullback at the 4095 level. If the price closes the H1 candle above 4115, the technical rebound trend could extend to the 4128–4140 range. However, if it fails at this resistance level and falls back below 4098, gold may revisit the support levels of 4085–4068.

kelmarin

Dagangan ditutup: sasaran tercapai

Gold rises as geopolitical tensions escalate; market awaits U.S. inflation data