Market Overview
Following the latest round of China–U.S. trade negotiations, market sentiment has shifted toward a more risk-on environment, reducing demand for safe-haven assets such as gold. As optimism surrounding the talks strengthens the U.S. dollar, gold prices have continued to decline during the Asian and early European sessions.
Technical Outlook
On the 15-minute timeframe, XAU/USD maintains a clear short-term bearish structure, characterized by consecutive lower highs and lower lows. The pair is currently trading below key moving averages, reinforcing the prevailing downward momentum.
A potential retracement toward intraday resistance could present a favorable opportunity for short positions, provided that bearish price action confirms rejection at that level.
Key Resistance: 2360 – 2365 zone (previous support turned resistance)
Immediate Support: 2348 – 2350 zone
Extended Support Target: 2338 – 2340
Following the latest round of China–U.S. trade negotiations, market sentiment has shifted toward a more risk-on environment, reducing demand for safe-haven assets such as gold. As optimism surrounding the talks strengthens the U.S. dollar, gold prices have continued to decline during the Asian and early European sessions.
Technical Outlook
On the 15-minute timeframe, XAU/USD maintains a clear short-term bearish structure, characterized by consecutive lower highs and lower lows. The pair is currently trading below key moving averages, reinforcing the prevailing downward momentum.
A potential retracement toward intraday resistance could present a favorable opportunity for short positions, provided that bearish price action confirms rejection at that level.
Key Resistance: 2360 – 2365 zone (previous support turned resistance)
Immediate Support: 2348 – 2350 zone
Extended Support Target: 2338 – 2340
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.