📊 Market Overview:
Gold maintained its bullish momentum during the Asian-European session, rising from $3330 to $3344. A slightly weaker USD and safe-haven demand supported prices. However, price is now approaching a key resistance zone, where technical rejection may occur in the U.S. session.
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📉 Technical Analysis:
* Key near-term resistance: $3345 – $3351
* Stronger resistance (higher zone): $3360 – $3366 and $3374
* Nearest support: $3335 – $3332
* Stronger support (lower zone): $3322 – $3315
* EMA 09 (H1): Price is above EMA09 → confirms short-term uptrend
* Candlestick / Volume / Momentum:
* Price is consolidating in an ascending triangle
* A breakout above $3345 may target $3360+
* RSI remains below overbought; volume is stable → room for continuation
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📌 Outlook:
If gold holds above $3335 and breaks above $3351, the uptrend could extend toward the $3366-$3374 zone. However, failure to break $3351 followed by a drop below $3332 could lead to a deeper pullback toward $3315.
💡 Recommended Trading Strategies:
BUY XAU/USD: $3318 – $3315
🎯 TP: 40/80/200 PIPS
❌ SL: $3321
SELL XAU/USD: $3360 – $3363
🎯 TP: 40/80/200 PIPS
❌ SL: $3357
