XAUUSD Good morning guys! After the breakout, gold has been rallying nonstop without any meaningful retracement. Though it showed signs of exhaustion yesterday, it once again skyrocketed before slipping into a full day of consolidation. Today, itโs carrying the same momentum trading in heat and now approaching another major inflection point at 3515โ20. This zone is expected to be highly reactive. Brief later. Trade safe .
GOLDXAUUSD Gold prices are maintaining a strong trend, with a bullish pattern on both the daily and weekly charts. The 10/7-day moving averages on the daily charts remain upward, reaching 3426/3402. The price is within the upper Bollinger Band, and the RSI indicator is at a high level of 70. Upside potential is gradually shrinking. Watch for a correction after a breakout above a record high.
On the short-term 4-hour and 1-hour charts, gold prices remain within the upper Bollinger Bands, with the moving averages continuing to form a golden cross and opening upward. The RSI indicator is currently at a high of 80, entering the overbought zone. Technically, the primary trading strategy for gold remains to buy on dips, but prices have reached relatively high levels, indicating overbought indicators. Wait for a pullback before buying.
Key Points: First Support Level: 3480, Second Support Level: 3463, Third Support Level: 3452
First Resistance Level: 3508, Second Resistance Level: 3520, Third Resistance Level: 3543
GOLD My friend, gold can go down, so keep in mind that if 3468 gold spot goes down then sell it. I will give you the target later. If this price comes then you have to sell it.
XAUUSD One more All time high is just like a rumers stay safe don't go with the flow because now the price is on critical stage. This weak the data is also negative for gold.
XAUUSD (15M) Trading Signal
