XAU/USD (Gold) - Technical Analysis & Market Sentiment
📉 Bearish Bias
✅ Moving Averages (50MA & 200MA) - Price is trading below key MAs, indicating downward momentum. (+2)
✅ Breakout & Retest Setup - Price has broken key support levels, suggesting further downside. (+2)
✅ Fair Value Gap (FVG) Resistance - Price rejected at FVG, confirming selling pressure. (+1)
✅ 4HR Trendline Break - Bearish confirmation as price remains below the descending trendline. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
Gold Price Forecast - XTB
Moving Averages & Price Action - IFC Markets
📈 Bullish Bias
✅ Daily Support Zone - Price holding near 2,868 - 2,864, a strong demand area. (+2)
✅ Oversold Conditions - RSI approaching oversold, signaling possible reversal. (+1)
✅ Gold as a Safe Haven - Economic uncertainty may drive demand for gold. (+1)
🔹 Total Bullish Score: 4
📰 Sources:
RSI Oversold - RoboForex
Global Market Risk & Gold Demand - Bloomberg
📊 Sentiment & Market Factors
📉 Stronger USD (- Bearish) - Rising U.S. yields & Fed stance strengthening the dollar. Source
📈 Geopolitical Tensions (+ Bullish) - Risk-off sentiment could support gold. Source
📉 Gold ETF Outflows (- Bearish) - Investors reducing gold holdings signals weakness. Source
📌 Final Bias: Strong Bearish (Score: 6 vs 4)
📉 Bearish Bias
✅ Moving Averages (50MA & 200MA) - Price is trading below key MAs, indicating downward momentum. (+2)
✅ Breakout & Retest Setup - Price has broken key support levels, suggesting further downside. (+2)
✅ Fair Value Gap (FVG) Resistance - Price rejected at FVG, confirming selling pressure. (+1)
✅ 4HR Trendline Break - Bearish confirmation as price remains below the descending trendline. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
Gold Price Forecast - XTB
Moving Averages & Price Action - IFC Markets
📈 Bullish Bias
✅ Daily Support Zone - Price holding near 2,868 - 2,864, a strong demand area. (+2)
✅ Oversold Conditions - RSI approaching oversold, signaling possible reversal. (+1)
✅ Gold as a Safe Haven - Economic uncertainty may drive demand for gold. (+1)
🔹 Total Bullish Score: 4
📰 Sources:
RSI Oversold - RoboForex
Global Market Risk & Gold Demand - Bloomberg
📊 Sentiment & Market Factors
📉 Stronger USD (- Bearish) - Rising U.S. yields & Fed stance strengthening the dollar. Source
📈 Geopolitical Tensions (+ Bullish) - Risk-off sentiment could support gold. Source
📉 Gold ETF Outflows (- Bearish) - Investors reducing gold holdings signals weakness. Source
📌 Final Bias: Strong Bearish (Score: 6 vs 4)
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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.
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.