Gold Stalls Ahead of Key Trade TalksGold Stalls Ahead of Key Trade Talks – Will Price Explode Out of the 3345–3370 Range?
After Monday’s explosive rally, gold is currently consolidating within a tight price range. The market is at a critical juncture, awaiting high-level trade talks between the U.S. and China — an event that could serve as a major catalyst for the next directional move.
🌍 MACRO OUTLOOK & MARKET SENTIMENT
A major trade call between Trump and President Xi Jinping is on the horizon. This conversation could reset global trade expectations and potentially trigger large moves in risk assets.
Last week’s strong U.S. jobs data (NFP) pushed back expectations of Fed rate cuts. Treasury yields remain elevated, which is temporarily capping gold’s upside.
Market sentiment is neutral-to-cautious, with traders waiting for confirmation of a breakout or breakdown before committing capital to new positions.
📈 TECHNICAL ANALYSIS (H1 – EMA 13/34/89/200)
Gold appears to be in a wave 4 correction, consolidating after completing wave 3.
EMAs remain aligned to the upside (bullish), suggesting the broader trend still favors buyers.
Key range:
Above 3370 → breakout confirmation → momentum push toward 3400–3410
Below 3345 → breakdown → fast dip to 3310–3300 to complete wave 4 and initiate wave 5 upward
🧭 STRATEGIC ZONES
🔵 BUY ZONE: 3317 – 3315
Stop Loss: 3310
Take Profits:
3322 → 3326 → 3330 → 3334 → 3338 → 3345 → 3350 → 3360
This zone aligns with a strong FVG + EMA89 support. A bullish reaction here could provide a high-probability entry for the next impulsive leg upward (wave 5).
🔻 SELL ZONE: 3372 – 3374
Stop Loss: 3378
Take Profits:
3368 → 3364 → 3360 → 3356 → 3350 → 3345
3370 is a critical resistance zone. Any rejection at this level with weak momentum or divergence could open a short-term bearish correction back toward 331x levels.
✅ SUMMARY
Gold is trapped in a decision zone between 3345–3370. The market awaits clarity from macro headlines and technical breakout signals. Until then, traders should watch key levels closely, stay patient, and position accordingly based on price action confirmation at strategic zones.
