Gold Maintains Uptrend – Waiting for a Pullback for a Safe Buy

14 nov

📌 Market Overview
Gold (XAU/USD) is currently trading around $4200/oz, maintaining strong bullish momentum supported by:
• A weaker USD
• Soft U.S. labor data
• Rising expectations of Fed rate cuts
• Continued safe-haven demand
However, bullish momentum is beginning to slow, suggesting a possible short-term pullback before the next upward move.

📈 Technical Analysis
• Gold remains above key EMAs (EMA20 – EMA100 – EMA200).
• EMA20 at $4176 is acting as dynamic support.
• Strong resistance: $4245 — a breakout could target $4300.
• RSI around 50 → buying pressure still present but not very strong.
• Volume & momentum are weakening → signals a healthy pullback.

🧭 Outlook
The short-term trend remains bullish as long as price stays above $4176 – $4150.
Gold is likely to:
• 🔄 Pull back slightly → then bounce toward resistance at $4245, and potentially $4300.

🎯 Trading Strategy
🔺 BUY XAU/USD
Entry: $4175 – $4172
🎯 TP: 40 / 80 / 200 pips
🛑 SL: $4169

🔻 SELL XAU/USD
Entry: $4243 – $4246
🎯 TP: 40 / 80 / 200 pips
🛑 SL: $4249

14 nov

Trade attivo

Gold has dropped to 4162, testing the key support zone 4158–4165; a rebound is likely if it holds, while a break below could lead to a deeper correction.

14 nov

Trade chiuso: obiettivo raggiunto

Gold rebounded from 4160 to 4187 and is now testing the support zone 4170–4176; it may continue rising if this level holds, while a break below could lead to a deeper correction.