🔥 XAU/USD Outlook – Will This Tight Range Explode Soon?
📊 Technical Overview:
Gold (XAU/USD) has entered a consolidation phase after last week's sharp swings. The market is currently trapped within a tightening structure between 3,274 and 3,336, forming a potential wedge or triangle pattern. This type of structure often precedes a breakout.
Price is still hovering below the 200 EMA on the H1 timeframe, while key support zones are starting to show signs of buying interest. A hold above 3,301 could lead to a potential rally toward the upper resistance levels at 3,352 – 3,366.
🔺 Key Resistance Levels:
3,336.767
3,352.159
3,357.689
3,366.067
🔻 Key Support Levels:
3,301.370
3,291.885
3,274.779
🎯 Trade Setups:
🔵 BUY ZONE:
Entry: 3,274 – 3,276
SL: 3,270
TP: 3,284 – 3,291 – 3,301 – 3,336
🔴 SELL ZONE:
Entry: 3,357 – 3,366
SL: 3,370
TP: 3,336 – 3,301 – 3,291
📰 Today’s Market Focus:
No major economic data is expected today. However, markets may begin pricing in expectations ahead of this week’s key releases — ADP Employment Change and Nonfarm Payrolls (NFP).
Geopolitical tensions in South Asia and statements from FED officials may act as surprise catalysts for gold volatility.
🧭 Conclusion:
Gold remains stuck in a tight sideways channel. Traders should continue range trading while waiting for a confirmed breakout. A strong breakout above 3,366 or breakdown below 3,274 will set the tone for the next directional move.
👉 Trade smart and manage your risk. All eyes on U.S. data and geopolitical headlines!
📊 Technical Overview:
Gold (XAU/USD) has entered a consolidation phase after last week's sharp swings. The market is currently trapped within a tightening structure between 3,274 and 3,336, forming a potential wedge or triangle pattern. This type of structure often precedes a breakout.
Price is still hovering below the 200 EMA on the H1 timeframe, while key support zones are starting to show signs of buying interest. A hold above 3,301 could lead to a potential rally toward the upper resistance levels at 3,352 – 3,366.
🔺 Key Resistance Levels:
3,336.767
3,352.159
3,357.689
3,366.067
🔻 Key Support Levels:
3,301.370
3,291.885
3,274.779
🎯 Trade Setups:
🔵 BUY ZONE:
Entry: 3,274 – 3,276
SL: 3,270
TP: 3,284 – 3,291 – 3,301 – 3,336
🔴 SELL ZONE:
Entry: 3,357 – 3,366
SL: 3,370
TP: 3,336 – 3,301 – 3,291
📰 Today’s Market Focus:
No major economic data is expected today. However, markets may begin pricing in expectations ahead of this week’s key releases — ADP Employment Change and Nonfarm Payrolls (NFP).
Geopolitical tensions in South Asia and statements from FED officials may act as surprise catalysts for gold volatility.
🧭 Conclusion:
Gold remains stuck in a tight sideways channel. Traders should continue range trading while waiting for a confirmed breakout. A strong breakout above 3,366 or breakdown below 3,274 will set the tone for the next directional move.
👉 Trade smart and manage your risk. All eyes on U.S. data and geopolitical headlines!
⚜️ 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.