The overnight swing high, around the $3,314-3,315 region, could act as an immediate hurdle for the Gold price. A sustained move above the latter could trigger a short-covering rally and lift the XAU/USD pair beyond the $3,325-3,326 horizontal barrier, towards the next relevant hurdle near the $3,360-3,365 region. Some follow-through buying should pave the way for a move towards reclaiming the $3,400 round figure.
On the flip side, the 100-day Simple Moving Average (SMA), around the $3,270 region, nearing a one-month low touched on Wednesday, might continue to protect the immediate downside. A convincing break below could drag the Gold price to the June swing low, around the $3,248-3,247 region. The downward trajectory could extend towards the $3,325 intermediate support before the commodity eventually drops to test the $3,200 round figure.
Xauusd signal long
Xauusd 3362
Support 3330
Support 3300
Support 3250
Resistance 3425
On the flip side, the 100-day Simple Moving Average (SMA), around the $3,270 region, nearing a one-month low touched on Wednesday, might continue to protect the immediate downside. A convincing break below could drag the Gold price to the June swing low, around the $3,248-3,247 region. The downward trajectory could extend towards the $3,325 intermediate support before the commodity eventually drops to test the $3,200 round figure.
Xauusd signal long
Xauusd 3362
Support 3330
Support 3300
Support 3250
Resistance 3425
Trade active
Xauusd sell 100 pips running Trade closed: target reached
Xauusd sell 170 pips running Note
Xauusd signal 
Gold signal
t.me/ProTrader_9
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Gold signal
t.me/ProTrader_9
My Channel Link
t.me/ProTrader_9
Check My Performance
t.me/ProTrader_9
My Channel Link
t.me/ProTrader_9
Check My Performance
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.