1. Current Market Trend
Short-Term Trend: Gold is in a bullish consolidation phase after a recent uptrend. A pullback to 2850 is anticipated as a retracement before resuming upward momentum.
Key Confirmation: Price holding above the 50-period moving average (MA) on the 1-hour chart suggests underlying strength. A dip to 2850 aligns with historical support.
2. Technical Indicators
RSI (14-period): Currently near 65 (neutral), hinting at potential overbought conditions. A drop to 2850 could push RSI to 30-40 (oversold), signaling a buy opportunity.
MACD: Bullish crossover expected near 2850 if the histogram turns positive, confirming upward momentum.
3. Key Support/Resistance Levels
Support:
2850: Strong demand zone (prior swing low + 50%+ Fibonacci retracement).
2840: Stop-loss cluster (risk zone if broken).
Resistance:
2930: Previous high + 61.8% Fibonacci extension.
4. Market Sentiment & Fundamentals
Dollar Weakness: DXY showing bearish divergence, supporting gold upside.
Fed Policy: Upcoming CPI data/Fed speeches (highlight in your post) could drive volatility. A dovish tilt may fuel gold’s rally.
Geopolitical Risks: Escalating tensions (e.g., Middle East) may boost safe-haven demand post-pullback.
5. Volume & Price Action
Volume Profile: Declining volume during the dip to 2850 would signal weak selling pressure, favoring a reversal.
Bullish Reversal Pattern: Watch for a double bottom or bullish engulfing candle at 2850.
6. Trade Setup (TradingView)
Confirmation: RSI > 50 + MACD crossover.
7. Risks to Monitor
Break of 2840: Invalidates the thesis; exit trade.
Hawkish Fed Surprises: Could strengthen USD, pressuring gold.
Conclusion: The 2850 zone offers a high-probability buy opportunity with defined risk, supported by technical confluence, sentiment, and fundamentals.
Always validate with real-time data before execution.
Short-Term Trend: Gold is in a bullish consolidation phase after a recent uptrend. A pullback to 2850 is anticipated as a retracement before resuming upward momentum.
Key Confirmation: Price holding above the 50-period moving average (MA) on the 1-hour chart suggests underlying strength. A dip to 2850 aligns with historical support.
2. Technical Indicators
RSI (14-period): Currently near 65 (neutral), hinting at potential overbought conditions. A drop to 2850 could push RSI to 30-40 (oversold), signaling a buy opportunity.
MACD: Bullish crossover expected near 2850 if the histogram turns positive, confirming upward momentum.
3. Key Support/Resistance Levels
Support:
2850: Strong demand zone (prior swing low + 50%+ Fibonacci retracement).
2840: Stop-loss cluster (risk zone if broken).
Resistance:
2930: Previous high + 61.8% Fibonacci extension.
4. Market Sentiment & Fundamentals
Dollar Weakness: DXY showing bearish divergence, supporting gold upside.
Fed Policy: Upcoming CPI data/Fed speeches (highlight in your post) could drive volatility. A dovish tilt may fuel gold’s rally.
Geopolitical Risks: Escalating tensions (e.g., Middle East) may boost safe-haven demand post-pullback.
5. Volume & Price Action
Volume Profile: Declining volume during the dip to 2850 would signal weak selling pressure, favoring a reversal.
Bullish Reversal Pattern: Watch for a double bottom or bullish engulfing candle at 2850.
6. Trade Setup (TradingView)
Confirmation: RSI > 50 + MACD crossover.
7. Risks to Monitor
Break of 2840: Invalidates the thesis; exit trade.
Hawkish Fed Surprises: Could strengthen USD, pressuring gold.
Conclusion: The 2850 zone offers a high-probability buy opportunity with defined risk, supported by technical confluence, sentiment, and fundamentals.
Always validate with real-time data before execution.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.