Uptrend Intact: Gold Eyes 4,400 After Sharp Pullback

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1. Market Overview
After reaching a new all-time high at 4,382, gold experienced a sharp correction down to 4,279, a drop of more than 100 USD/oz in a short time. However, strong dip-buying demand quickly emerged, helping the price rebound and trade back around 4,375, indicating that bullish sentiment remains dominant in the market.
The main drivers are expectations that the Federal Reserve (Fed) will cut interest rates earlier than expected, along with rising geopolitical tensions between major economies — reinforcing gold’s status as a safe-haven asset.

2. Technical Analysis
• Immediate Resistance: 4,382 – 4,390 (all-time high)
• Near-term Support: 4,340 – 4,320
• Major Support: 4,279 (recent correction low)
• EMA 50–100: Still trending upward, confirming that the main trend remains bullish.
• RSI (H1/H4): The overbought condition has been temporarily relieved after the correction, suggesting room for a new upward leg if price holds above 4,340.

3. Outlook
Gold is currently consolidating after a correction phase. If the price remains steady above 4,340, it is likely to continue toward 4,400 – 4,420.
Conversely, a break below 4,320 may trigger short-term profit-taking pressure.

4. Suggested Trading Strategy
🔺 BUY XAU/USD: 4,348 – 4,342
🎯 TP: 40 / 80 / 200 pips
🛑 SL: 4,335

🔻 SELL XAU/USD : 4,425 – 4,428
🎯 TP: 40 / 80 / 200 pips
🛑 SL: 4,431

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Trade attivo

With bullish momentum still dominant, gold is likely to break above the 4,270 zone soon and continue toward new highs.

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Trade chiuso: obiettivo raggiunto

Gold remains in an uptrend and may consolidate around 4340–4360 before continuing higher.