Gold Falls After Rejection at 3350 – Eyes on Short-Term Pullback

26 Haz

📊 Market Drivers:

• Gold spiked to $3,350/oz early in the day but later dropped to $3,310/oz as profit-taking kicked in and U.S. yields recovered slightly.
• Market is in a wait-and-see mode ahead of PCE inflation data on Friday, limiting upside momentum late in the session.

📉 Technical Analysis:
• Key resistance: $3,345–3,350 (daily high)
• Nearest support: $3,310 – session low; then $3,290
• EMA09: Price trading above EMA09, but below EMA21, signaling a neutral bias
• Candle/momentum: Formed shooting star reversal near $3,348 on H1 with declining volume → short-term weakness ahead

📌 Outlook:
Gold may pull back toward $3,300–3,290 short-term if USD rebounds and selling persists. But medium-term bullish bias remains if inflation data disappoints and USD continues weakening.

💡 Trade Ideas:

🔻 SELL XAU/USD at: 3,335–3,345
🎯 TP: 3,315
❌ SL: 3,352

🔺 BUY XAU/USD at: 3,295–3,305
🎯 TP: 3,315
❌ SL: 3,285

7 gün önce

İşlem aktif

Gold may retest the 3300 zone once more before moving higher.