📌 XAU/USD: Tension Builds as Gold Awaits Breakout from Narrow Range 📈📉
📊 Technical Snapshot
Gold (XAU/USD) has spent the past sessions trapped in a tight consolidation zone between 3,274 and 3,336, carving out a potential breakout structure.
Price continues to trade below the 200 EMA on H1, keeping near-term pressure tilted slightly bearish.
However, buying interest is emerging at key support zones, hinting that bulls may not be entirely out of the picture yet.
A clean break above 3,301 could ignite a move toward 3,352 – 3,366 resistance levels.
This compression phase suggests that a larger directional move could be imminent.
🔥 Key Price Zones to Watch
🔺 Resistance Levels:
3,336
3,352
3,357
3,366
🔻 Support Levels:
3,301
3,291
3,274
🎯 Trade Opportunities
🔵 BUY ZONE:
Entry: 3,274 – 3,276
Stop Loss (SL): 3,270
Take Profit (TP): 3,284 → 3,291 → 3,301 → 3,336
🔴 SELL ZONE:
Entry: 3,357 – 3,366
Stop Loss (SL): 3,370
Take Profit (TP): 3,336 → 3,301 → 3,291
📰 Fundamental Focus
No major economic releases scheduled today.
Traders are gearing up for ADP Non-Farm Employment Change and Non-Farm Payrolls (NFP) later this week.
Watch for any unexpected remarks from Fed officials or geopolitical tensions (especially South Asia and Middle East headlines) that could spark volatility in gold.
🧠 Strategy Outlook
Until a confirmed breakout occurs, range-bound trading strategies remain in play.
Breakout above 3,366: Bullish extension likely.
Breakdown below 3,274: Deeper correction on the cards.
⚡ Pro Tip: Stay nimble. Manage risk tightly. Big moves often emerge after low-volatility traps like this.
📊 Technical Snapshot
Gold (XAU/USD) has spent the past sessions trapped in a tight consolidation zone between 3,274 and 3,336, carving out a potential breakout structure.
Price continues to trade below the 200 EMA on H1, keeping near-term pressure tilted slightly bearish.
However, buying interest is emerging at key support zones, hinting that bulls may not be entirely out of the picture yet.
A clean break above 3,301 could ignite a move toward 3,352 – 3,366 resistance levels.
This compression phase suggests that a larger directional move could be imminent.
🔥 Key Price Zones to Watch
🔺 Resistance Levels:
3,336
3,352
3,357
3,366
🔻 Support Levels:
3,301
3,291
3,274
🎯 Trade Opportunities
🔵 BUY ZONE:
Entry: 3,274 – 3,276
Stop Loss (SL): 3,270
Take Profit (TP): 3,284 → 3,291 → 3,301 → 3,336
🔴 SELL ZONE:
Entry: 3,357 – 3,366
Stop Loss (SL): 3,370
Take Profit (TP): 3,336 → 3,301 → 3,291
📰 Fundamental Focus
No major economic releases scheduled today.
Traders are gearing up for ADP Non-Farm Employment Change and Non-Farm Payrolls (NFP) later this week.
Watch for any unexpected remarks from Fed officials or geopolitical tensions (especially South Asia and Middle East headlines) that could spark volatility in gold.
🧠 Strategy Outlook
Until a confirmed breakout occurs, range-bound trading strategies remain in play.
Breakout above 3,366: Bullish extension likely.
Breakdown below 3,274: Deeper correction on the cards.
⚡ Pro Tip: Stay nimble. Manage risk tightly. Big moves often emerge after low-volatility traps like this.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.