Gold in Equilibrium, Possible Minor Pullback

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📊 Market Overview:
• Spot gold currently trades around 3,332–3,333 USD/oz
• A slightly weaker US dollar and declining Treasury yields are supporting gold
• Yet strong US jobs data and delayed Fed rate cuts are limiting gold’s upside
• Escalating trade tensions and new tariffs keep safe-haven demand intact

📉 Technical Analysis:
• Resistance: 3,345–3,350 USD, repeatedly tested zone
• Support: 3,316–3,322 USD, strong bottom near 3,310 USD
• EMA 9: Price hovering around it—no clear trend direction
• Momentum/RSI: RSI fading from overbought, momentum weakening
• Candle Patterns/Volume: Narrow consolidation, forming pennant structure

📌 Outlook:
Gold is likely to remain range-bound or dip slightly if USD strengthens. Conversely, renewed economic headwinds or Fed dovishness could push gold higher, especially on a break above 3,345 USD.

💡 Suggested Trade Strategy:
SELL XAU/USD : 3.347–3.350
🎯 TP: 40/80/200 pips
❌ SL: 3.355

BUY XAU/USD : 3.316–3.319
🎯 TP: 40/80/200 pips
❌ SL: 3.310

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Trade attivo

Gold dropped to the support zone at 3,330–3,328. If it holds → a rebound toward 3,340 is possible. If it breaks below 3,328 → further decline to 3,322 or 3,310 may follow.

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Trade chiuso: obiettivo raggiunto

Gold has broken above 3,345, confirming the uptrend. If it holds above 3,340, it may continue rising toward 3,355.