The XAU/USD pair trades near its record high, and the daily chart supports another leg north. Technical indicators aim firmly north within overbought readings, while the pair remains far above all bullish moving averages. The 20 Simple Moving Average (SMA) currently hovers around $3,100, turning into a strong mid-term dynamic support should Gold finally correct lower.
The 4-hour chart shows that the Momentum indicator heads north well above its midline, while the Relative Strength Index (RSI) indicator consolidates at around 80, reflecting extreme overbought conditions yet far from suggesting XAU/USD may change course anytime soon. At the same time, the 20 SMA keeps advancing firmly higher, far above the longer ones, in line with the dominant bullish trend.
Support levels: 3,317.20 3,305.65 3,292.80
Resistance levels: 3,335.00 3,350.00 3,375.00
Xauusd signal sell 3341
Support 3310
Support 3276
Support 3239
Resistance 3386
The 4-hour chart shows that the Momentum indicator heads north well above its midline, while the Relative Strength Index (RSI) indicator consolidates at around 80, reflecting extreme overbought conditions yet far from suggesting XAU/USD may change course anytime soon. At the same time, the 20 SMA keeps advancing firmly higher, far above the longer ones, in line with the dominant bullish trend.
Support levels: 3,317.20 3,305.65 3,292.80
Resistance levels: 3,335.00 3,350.00 3,375.00
Xauusd signal sell 3341
Support 3310
Support 3276
Support 3239
Resistance 3386
Trade active
Xauusd signal sell 60 pips done Trade closed: target reached
Check my work Note
Gold sell support Note
Gold sell 80 pips done Note
Gold sell 
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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.