Gold has seen a modest rebound from its lowest level in over a week, driven by dip-buying interest. However, the overall downtrend remains intact as risk appetite increases across markets, following a temporary trade and tariff agreement between the U.S. and China. This progress has reduced demand for gold as a safe-haven asset.
In addition, if the U.S. continues to release more positive updates on bilateral trade relations, downward pressure on gold is likely to persist — especially amid a stronger U.S. Dollar. As such, current rebounds are likely to be technical in nature, and investors should exercise caution with long positions.
🔮 Expected Short-Term Scenario
Gold (XAU/USD) may continue a technical recovery around the $3,275–$3,280 zone due to bottom-fishing activity. However, without a clear breakout, the broader trend remains bearish, driven by:
• Increasing risk-on sentiment
• Continued USD strength
🧭 Suggested Trading Strategy
• Short-term Sell in the zone: $3,275 – $3,280
• Short-term Buy in the zone: $3,205 – $3,210
• Always use tight stop-losses to mitigate risk from news-driven volatility.
💡 Short-Term Trade Setup
🔻 SELL XAU/USD at: $3,275 – $3,280
• 🎯 TP1: $3,265
• 🎯 TP2: $3,255
• 🚨 SL: $3,300
🔺 BUY XAU/USD at: $3,205 – $3,210
• 🎯 TP1: $3,215
• 🎯 TP2: $3,225
• 🚨 SL: $3,195
In addition, if the U.S. continues to release more positive updates on bilateral trade relations, downward pressure on gold is likely to persist — especially amid a stronger U.S. Dollar. As such, current rebounds are likely to be technical in nature, and investors should exercise caution with long positions.
🔮 Expected Short-Term Scenario
Gold (XAU/USD) may continue a technical recovery around the $3,275–$3,280 zone due to bottom-fishing activity. However, without a clear breakout, the broader trend remains bearish, driven by:
• Increasing risk-on sentiment
• Continued USD strength
🧭 Suggested Trading Strategy
• Short-term Sell in the zone: $3,275 – $3,280
• Short-term Buy in the zone: $3,205 – $3,210
• Always use tight stop-losses to mitigate risk from news-driven volatility.
💡 Short-Term Trade Setup
🔻 SELL XAU/USD at: $3,275 – $3,280
• 🎯 TP1: $3,265
• 🎯 TP2: $3,255
• 🚨 SL: $3,300
🔺 BUY XAU/USD at: $3,205 – $3,210
• 🎯 TP1: $3,215
• 🎯 TP2: $3,225
• 🚨 SL: $3,195
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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.
Related publications
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.