Gold struggles to prolong its bounce, fluctuating at around $3,370 per troy ounce on Tuesday. XAU/USD's upside remains capped on the back of decent gains in the US Dollar and a modest rebound in US yields across various maturity periods.
From a technical perspective, Friday's breakout through the $3,335 horizontal barrier and a subsequent strength beyond the 100-period Simple Moving Average (SMA) on the 4-hour chart favors the XAU/USD bulls. Moreover, oscillators on daily/4-hour charts have been gaining positive traction and back the case for an extension of a multi-day-old uptrend. Hence, any further slide below the $3,366-3,365 immediate support could be seen as a buying opportunity and remain limited near the $3,350-3,349 region. The latter represents the 200-period SMA on the 4-hour chart and should act as a key pivotal point, which, if broken, could make the Gold price vulnerable to accelerate the fall towards the $3,325-3,322 intermediate support en route to the $3,300 mark.
Xauusd signal sell 3375
Target 3335
From a technical perspective, Friday's breakout through the $3,335 horizontal barrier and a subsequent strength beyond the 100-period Simple Moving Average (SMA) on the 4-hour chart favors the XAU/USD bulls. Moreover, oscillators on daily/4-hour charts have been gaining positive traction and back the case for an extension of a multi-day-old uptrend. Hence, any further slide below the $3,366-3,365 immediate support could be seen as a buying opportunity and remain limited near the $3,350-3,349 region. The latter represents the 200-period SMA on the 4-hour chart and should act as a key pivotal point, which, if broken, could make the Gold price vulnerable to accelerate the fall towards the $3,325-3,322 intermediate support en route to the $3,300 mark.
Xauusd signal sell 3375
Target 3335
Trade active
Xauusd signal sell 50 pips running Trade closed: target reached
Xauusd signal sell 110 pips running Note
Xauusd next target 3335Note
Xauusd signal sell 170 pips running Note
Xauusd sell 
Gold signal
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Gold signal
t.me/ProTrader_9
My Channel Link
t.me/ProTrader_9
Check My Performance
t.me/ProTrader_9
My Channel Link
t.me/ProTrader_9
Check My Performance
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.