Gold Testing 3375 – Watch for Reversal or Breakout

25 ago

📊 Market Overview:
• Gold touched the $3,375 resistance zone, its highest level in two weeks, as the US dollar showed slight recovery.
• However, expectations of a Fed rate cut in September remain supportive for gold after Powell’s dovish remarks at Jackson Hole.

📉 Technical Analysis:
• Key Resistance: $3,375 – $3,378
• Nearest Support: $3,350
• EMA 09: Price trading above short-term EMA → bullish momentum intact
• Candle / Volume / Momentum: Indicators (RSI, MACD) show strong buy signals, but the 3375 level is a decisive barrier.

📌 Outlook:
Gold may continue upward if it breaks above $3,378 with strong momentum, targeting $3,392–$3,400.
If price fails at $3,375 and closes below $3,370, a short-term correction toward $3,355–$3,350 is likely.

💡 Suggested Trading Strategy:
🔻 SELL XAU/USD
Entry: $3,377 – $3,380
🎯 TP: $40/80/200 pips
🛑 SL: $3,385
🔺 BUY XAU/USD
Entry: $3,350 (support zone)
🎯 TP: $40/80/200 pips
🛑 SL: $3,344

26 ago

Trade attivo

Global gold prices are currently trading around $3,370–$3,390/ounce, supported by Fed rate cut expectations and a weaker US dollar.

26 ago

Trade chiuso: obiettivo raggiunto

Gold is ranging within 3370–3380; wait for a breakout above 3385 to BUY, or a retest of 3350 for a safer BUY, and avoid entering in the middle zone.