XAUUSD (Gold) Daily Chart Analysis
Current Price:
$3,011.89, up +0.96% today
High: $3,014.23 | Low: $2,978.59
*Technical Overview:
🔹 Trend:
Gold remains in a strong uptrend, forming consistent higher highs and higher lows since late 2023.
However, the recent price action shows a pullback after reaching new highs.
🔹 Stochastic RSI:
%K = 4.55, %D = 23.48 → Oversold zone
Indicates potential for a short-term bounce if momentum picks up.
🔹 MACD:
Bearish crossover in progress, histogram turning red.
Suggests short-term bearish pressure, though it's likely a healthy correction within a larger bullish trend.
🎯 Strategy Outlook:
🔸 Short-Term Strategy:
Wait for a bullish confirmation near the $2,975 support zone.
Watch for reversal signals from oversold Stoch RSI.
Consider short-term buys if price stabilizes above $2,980–$3,000.
🔸 Long-Term Strategy:
As long as the price holds above $2,900–$2,950, the overall uptrend remains intact.
Dips could be seen as buying opportunities in the long run.
Use pullbacks to scale in gradually with proper risk management.
*Thoughts :
Gold is currently in a technical pullback but still bullish in the bigger picture. Short-term traders should stay cautious, while long-term bulls can look for dips to buy.
Current Price:
$3,011.89, up +0.96% today
High: $3,014.23 | Low: $2,978.59
*Technical Overview:
🔹 Trend:
Gold remains in a strong uptrend, forming consistent higher highs and higher lows since late 2023.
However, the recent price action shows a pullback after reaching new highs.
🔹 Stochastic RSI:
%K = 4.55, %D = 23.48 → Oversold zone
Indicates potential for a short-term bounce if momentum picks up.
🔹 MACD:
Bearish crossover in progress, histogram turning red.
Suggests short-term bearish pressure, though it's likely a healthy correction within a larger bullish trend.
🎯 Strategy Outlook:
🔸 Short-Term Strategy:
Wait for a bullish confirmation near the $2,975 support zone.
Watch for reversal signals from oversold Stoch RSI.
Consider short-term buys if price stabilizes above $2,980–$3,000.
🔸 Long-Term Strategy:
As long as the price holds above $2,900–$2,950, the overall uptrend remains intact.
Dips could be seen as buying opportunities in the long run.
Use pullbacks to scale in gradually with proper risk management.
*Thoughts :
Gold is currently in a technical pullback but still bullish in the bigger picture. Short-term traders should stay cautious, while long-term bulls can look for dips to buy.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.