XAUUSD: Key Reversal Zone or Deeper Correction Ahead?
Gold enters the new trading week balancing on a technical and macroeconomic knife’s edge. After a steep decline, prices are testing critical liquidity zones — just as geopolitical tensions and US economic uncertainty intensify.
🌍 Macro & Fundamental Outlook
📰 Middle East Tensions Rising Again: Israel has signaled potential strikes on Tehran after Iran allegedly violated a ceasefire agreement. Such developments usually support gold as a safe-haven asset.
📊 US Economic Signals Are Mixed: Last week’s PMI and housing data point toward an economic slowdown. If this week’s Core PCE data softens, expectations for a Fed rate cut in September will grow — likely weakening the USD and lifting gold.
🏦 Global Demand for Gold Still Strong: Central banks, particularly from China and India, are continuing their gold accumulation, reinforcing long-term bullish fundamentals.
📉 Technical Analysis (H1–H4)
Gold is still trading within a downward channel but is now approaching a strong demand zone around 3276, a level that has triggered rebounds in the past.
EMA 34 – 89 – 200 indicate bearish momentum, but RSI is showing bullish divergence — hinting at a possible reversal or short-term bounce.
Price action around key support and resistance levels will be crucial this week.
✅ XAUUSD Trade Setup
BUY ZONE: 3278 - 3276 | SL: 3270 | TP: 3282 - 3286 - 3290 - 3294 - 3298 - 3302 - 3305 - 3310
SELL ZONE: 3367 - 3369 | SL: 3375 | TP: 3364 - 3360 - 3356 - 3352 - 3348 - 3344 - 3340 - 3330 - 3320
📌 The Buy Zone lies within a historical liquidity pocket — ideal for a potential rebound if geopolitical risks rise or USD weakens.
📌 The Sell Zone is near a key Fair Value Gap (FVG) and local resistance — strong confluence for short opportunities on a bounce.
🧭 Final Thoughts
XAUUSD is facing a pivotal moment. With both geopolitical events and major US economic data on the horizon, traders should prepare for volatility. Patience, technical discipline, and proper SL/TP management will be key to navigating this environment successfully.
Gold enters the new trading week balancing on a technical and macroeconomic knife’s edge. After a steep decline, prices are testing critical liquidity zones — just as geopolitical tensions and US economic uncertainty intensify.
🌍 Macro & Fundamental Outlook
📰 Middle East Tensions Rising Again: Israel has signaled potential strikes on Tehran after Iran allegedly violated a ceasefire agreement. Such developments usually support gold as a safe-haven asset.
📊 US Economic Signals Are Mixed: Last week’s PMI and housing data point toward an economic slowdown. If this week’s Core PCE data softens, expectations for a Fed rate cut in September will grow — likely weakening the USD and lifting gold.
🏦 Global Demand for Gold Still Strong: Central banks, particularly from China and India, are continuing their gold accumulation, reinforcing long-term bullish fundamentals.
📉 Technical Analysis (H1–H4)
Gold is still trading within a downward channel but is now approaching a strong demand zone around 3276, a level that has triggered rebounds in the past.
EMA 34 – 89 – 200 indicate bearish momentum, but RSI is showing bullish divergence — hinting at a possible reversal or short-term bounce.
Price action around key support and resistance levels will be crucial this week.
✅ XAUUSD Trade Setup
BUY ZONE: 3278 - 3276 | SL: 3270 | TP: 3282 - 3286 - 3290 - 3294 - 3298 - 3302 - 3305 - 3310
SELL ZONE: 3367 - 3369 | SL: 3375 | TP: 3364 - 3360 - 3356 - 3352 - 3348 - 3344 - 3340 - 3330 - 3320
📌 The Buy Zone lies within a historical liquidity pocket — ideal for a potential rebound if geopolitical risks rise or USD weakens.
📌 The Sell Zone is near a key Fair Value Gap (FVG) and local resistance — strong confluence for short opportunities on a bounce.
🧭 Final Thoughts
XAUUSD is facing a pivotal moment. With both geopolitical events and major US economic data on the horizon, traders should prepare for volatility. Patience, technical discipline, and proper SL/TP management will be key to navigating this environment successfully.
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⚜️ 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
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.