XAUUSD On the flip side, the $3,363-$3,365 zone, or over a one-week high touched on Wednesday, now seems to act as an immediate hurdle, above which the Gold price could aim to reclaim the $3,400 mark. A sustained strength beyond the latter would negate any near-term negative outlook and lift the XAU/USD pair to the next relevant hurdle near the $3,435-$3,440 region.
XAUUSD From a technical perspective, this week's breakout above the 200-hour Simple Moving Average (SMA) was seen as a key trigger for the XAU/USD bulls. Moreover, oscillators on the daily chart have again started gaining positive traction and suggest that the path of least resistance for the Gold price is to the upside. Hence, any subsequent slide might still be seen as a buying opportunity and remain cushioned near the $3,330-3,329 region (200-hour SMA). A convincing break below, however, might prompt some technical selling and drag the commodity further towards the $3,300 round figure.
GOLD 📉 GOLD Market Outlook Patience is Power Gold is currently trading around 3328–3329. Based on technical analysis, there’s a high probability that the price may retrace down toward the 3311 level. 🔸Why a move down is possible: 3328–3329 is acting as a resistance zone where sellers are showing activity. Buyers are losing strength after recent upward movement. The current structure suggests a possible pullback, with 3311 as a logical support target. 📌 Reminder: Trading is not just about entering positions it’s about staying patient, following the plan, and trusting the process. Emotions must stay out.
XAUUSD The moving average on the 3-hour chart forms a dead cross, the MACD indicator forms a dead cross and the volume increases, and the gold price has fallen below the lower track of the Bollinger Band. Charlie recommends continuing to short when it rebounds to the middle track. The upper pressure is in the 3342-3347 range. The operation is mainly based on rebound shorting. . . .
Short around the rebound 3342-3347. . . .
There is no guarantee of 100% profit, but it is guaranteed that every content has "real money experience". If you also hate empty talk, why not follow me and try. .