Market Overview
Gold (XAU/USD) has opened the session strong, trading above the key $3,300 psychological level amid continued US Dollar weakness. Investors remain cautious amid growing geopolitical tensions and global market uncertainty, pushing demand for safe-haven assets higher.
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Technical Outlook (5-Minute Timeframe)
Current Price: ~$3,304.80
Trend: Short-term bullish above VWAP
Support Levels:
$3,295
$3,281 (20 EMA)
$3,266 (lower trendline of rising channel)
Resistance Levels:
$3,310 (local breakout level)
$3,324
$3,368
Indicators:
RSI (14): ~53 – Neutral-to-bullish
Moving Averages: Price is above both 50 and 200 EMAs – confirms bullish momentum
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Trade Scenarios
Scenario 1: Long Position (Breakout Play)
Entry: On breakout and hold above $3,310
Stop Loss: $3,295
Take-Profit Targets:
TP1: $3,324
TP2: $3,368
Scenario 2: Short Position (Pullback or Breakdown)
Entry: On breakdown below $3,281
Stop Loss: $3,295
Take-Profit Targets:
TP1: $3,266
TP2: $3,240
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Outlook for Next 4 Hours
Expected volatility: 10–15 USD (normal session), up to 25–30 USD with news catalysts.
Watch for fundamental triggers (economic data or Fed commentary) that could impact market direction.
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Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk accordingly.
Analysis by mohsen mozafari nezhd
Gold (XAU/USD) has opened the session strong, trading above the key $3,300 psychological level amid continued US Dollar weakness. Investors remain cautious amid growing geopolitical tensions and global market uncertainty, pushing demand for safe-haven assets higher.
---
Technical Outlook (5-Minute Timeframe)
Current Price: ~$3,304.80
Trend: Short-term bullish above VWAP
Support Levels:
$3,295
$3,281 (20 EMA)
$3,266 (lower trendline of rising channel)
Resistance Levels:
$3,310 (local breakout level)
$3,324
$3,368
Indicators:
RSI (14): ~53 – Neutral-to-bullish
Moving Averages: Price is above both 50 and 200 EMAs – confirms bullish momentum
---
Trade Scenarios
Scenario 1: Long Position (Breakout Play)
Entry: On breakout and hold above $3,310
Stop Loss: $3,295
Take-Profit Targets:
TP1: $3,324
TP2: $3,368
Scenario 2: Short Position (Pullback or Breakdown)
Entry: On breakdown below $3,281
Stop Loss: $3,295
Take-Profit Targets:
TP1: $3,266
TP2: $3,240
---
Outlook for Next 4 Hours
Expected volatility: 10–15 USD (normal session), up to 25–30 USD with news catalysts.
Watch for fundamental triggers (economic data or Fed commentary) that could impact market direction.
---
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk accordingly.
Analysis by mohsen mozafari nezhd
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.
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.