XAUUSD – Are the Bulls Back? Key Reversal Zone in Play
Gold has been consolidating in a tight range for several sessions, but both macro and technical indicators are pointing to a potential breakout. With volatility expected to rise, traders should keep a close eye on these high-probability zones.
🌍 Macro Overview – Is the Tide Turning for Gold?
📉 The Fed remains hawkish, but market sentiment has shifted, with over 65% probability priced in for a rate cut in September. This adds pressure on the dollar and offers upside potential for gold.
💸 10-year US Treasury yields are stabilizing, reducing the opportunity cost of holding gold and reigniting interest from risk-averse investors.
⚠️ Ongoing geopolitical risks in the Middle East and Eastern Europe continue to fuel demand for safe-haven assets.
🏦 Central banks, especially in China and India, are steadily increasing their gold reserves — a bullish long-term signal for the market.
📊 Technical Outlook – Watch the Fair Value Gap (FVG)
The 3325–3327 support zone aligns with an unfilled FVG on H1-H4 charts, providing a key area for bullish momentum to resume.
Sustained price action above this level may open a path toward 3360 and beyond.
Conversely, if price reaches the 3398–3400 resistance area and shows signs of exhaustion, it could trigger a short-term pullback.
✅ Trade Setup
🟢 BUY ZONE: 3327 – 3325
SL: 3320
TP Targets: 3330 → 3335 → 3340 → 3345 → 3350 → 3355 → 3360 →
🔴 SELL ZONE: 3398 – 3400
SL: 3405
TP Targets: 3395 → 3390 → 3386 → 3380 → 3375 → 3370 → 3360
⚠️ Final Thoughts
The gold market is approaching a decision point... With the PCE and US GDP data due this week, traders should expect a potential volatility spike.
Risk management remains key — wait for confirmation at key levels, stick to your plan, and don’t let emotions override discipline. This week could offer strong directional moves for gold, but only for those prepared.
Gold has been consolidating in a tight range for several sessions, but both macro and technical indicators are pointing to a potential breakout. With volatility expected to rise, traders should keep a close eye on these high-probability zones.
🌍 Macro Overview – Is the Tide Turning for Gold?
📉 The Fed remains hawkish, but market sentiment has shifted, with over 65% probability priced in for a rate cut in September. This adds pressure on the dollar and offers upside potential for gold.
💸 10-year US Treasury yields are stabilizing, reducing the opportunity cost of holding gold and reigniting interest from risk-averse investors.
⚠️ Ongoing geopolitical risks in the Middle East and Eastern Europe continue to fuel demand for safe-haven assets.
🏦 Central banks, especially in China and India, are steadily increasing their gold reserves — a bullish long-term signal for the market.
📊 Technical Outlook – Watch the Fair Value Gap (FVG)
The 3325–3327 support zone aligns with an unfilled FVG on H1-H4 charts, providing a key area for bullish momentum to resume.
Sustained price action above this level may open a path toward 3360 and beyond.
Conversely, if price reaches the 3398–3400 resistance area and shows signs of exhaustion, it could trigger a short-term pullback.
✅ Trade Setup
🟢 BUY ZONE: 3327 – 3325
SL: 3320
TP Targets: 3330 → 3335 → 3340 → 3345 → 3350 → 3355 → 3360 →
🔴 SELL ZONE: 3398 – 3400
SL: 3405
TP Targets: 3395 → 3390 → 3386 → 3380 → 3375 → 3370 → 3360
⚠️ Final Thoughts
The gold market is approaching a decision point... With the PCE and US GDP data due this week, traders should expect a potential volatility spike.
Risk management remains key — wait for confirmation at key levels, stick to your plan, and don’t let emotions override discipline. This week could offer strong directional moves for gold, but only for those prepared.
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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 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
t.me/+IMP0jWwLSGNmYTRl
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
t.me/+IMP0jWwLSGNmYTRl
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.