Gold May Dip Short-Term Amid Cautious Fed & Geopolitical Calm

6 gün önce

📊 Market Overview:

• Gold saw a slight correction as Middle East tensions eased following a ceasefire agreement between Iran and Israel.
• A weaker USD and lower U.S. Treasury yields offered some support to gold prices.
• However, the Fed’s cautious stance on rate cuts and upcoming testimony from Chair Powell continue to weigh on gold sentiment.

📉 Technical Analysis:

• Key Resistance Levels:

– $3,350–3,360 (21/50-day SMAs)
– $3,370–3,385 (Fibonacci zone and swing highs)

• Nearest Support Levels:

– $3,316–3,320 (intraday lows and psychological level)
– $3,300–3,305 (strong support), followed by $3,245–3,275 if broken

• EMA 09: Price is currently trading below the 09 EMA, indicating a short-term downtrend.
• Candlestick Pattern / Volume / Momentum:
– The 15-minute chart shows slight recovery signals, but with weak momentum; RSI is below average and MACD is slightly bearish.
– No strong reversal candlestick pattern detected; small-bodied candles (doji) suggest indecision and selling pressure remains near $3,340.


📌 Outlook:

Gold may decline slightly in the short term, potentially retesting the $3,316–3,320 support zone. A rebound is possible if the USD weakens further or the Fed unexpectedly signals rate cuts.

💡 Suggested Trading Plan:

🔻 SELL XAU/USD at: $3,335–3,340
🎯 TP: $3,330 - $3,325
❌ SL: $3,345

🔺 BUY XAU/USD at: $3,318 – 3,315
🎯 TP: $3,320 - $3,325
❌ SL: $3,312

5 gün önce

İşlem aktif

Today, gold is moving very slowly.

5 gün önce

İşlem kapandı: hedefe ulaştı

Gold has reached the sell entry point and investors have already taken profit — congratulations!