Gold Recovers After Sharp Drop – Trend Not Yet Reversed

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📊 Market Overview:
Gold rebounded from a sharp fall earlier in the session, rising from $3301 to around $3315 as the U.S. dollar weakened slightly and sellers took partial profit. However, no strong fundamental catalyst confirms a trend reversal yet.
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📉 Technical Analysis:
• Key Resistance: $3315 – $3322
• Nearest Support: $3300 – $3295
• EMA 09 (H1): Price is currently just below EMA09, indicating a slight bearish bias
• Candlestick / Volume / Momentum:
• H1 candle shows a long lower wick at $3301 → some buying interest
• No H1 candle has closed above $3315 yet → no confirmed reversal
• Volume remains weak, RSI still under 50 → limited bullish momentum
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📌 Outlook:
Gold may continue to consolidate between $3300 and $3315 in the short term. If it fails to close above $3315, bearish pressure could return toward $3295–$3288.
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💡 Suggested Trade Setups:
🔻 SELL XAU/USD: $3315 – $3318
🎯 TP: 40/80/200 pips
❌ SL: $3323
🔺 BUY XAU/USD: $3295 – $3300
🎯 TP: 40/80/200 pips
❌ SL: $3285

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Trade attivo

Gold is staging a weak recovery after a sharp drop, but has yet to break above the $3315–$3322 resistance zone. Without renewed buying pressure, the price may retest the $3300–$3295 area in the short term.

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Trade chiuso: obiettivo raggiunto

+60 pips from entry Sell : 3318