SHORT-TERM GOLD ANALYSIS – XAUUSD
🟢 GOLD SURGES TO $3250 FOLLOWING FED CHAIR'S SPEECH
Gold prices spiked to the $3250 region after a reassuring speech by the new Fed Chair, which helped calm market sentiment. The move reflects renewed demand for safe-haven assets.
📉 Currently, XAUUSD is trading around the 3220 area, testing short-term resistance levels and potentially building momentum for another upward push.
🔎 Key short-term price zone:
In the short term, gold is likely to range between $3200 and $3250, forming a short-term trading zone where accumulation and directional moves may develop.
✅ Short-Term Trade Setup
🔹BUY:
Entry: 3205
Take Profit (TP): 3210
Stop Loss (SL): 3200
🔹SELL :
Entry: 3241
Take Profit (TP): 3236
Stop Loss (SL): 3246
⚠️ Notes:
These setups are best suited for short-term traders using lower timeframes (M15–H1).
Monitor price action closely around 3200 and 3250 for confirmation before entering trades.
Always apply proper risk management to avoid overexposure, especially with ongoing market reactions to Fed news.
🟢 GOLD SURGES TO $3250 FOLLOWING FED CHAIR'S SPEECH
Gold prices spiked to the $3250 region after a reassuring speech by the new Fed Chair, which helped calm market sentiment. The move reflects renewed demand for safe-haven assets.
📉 Currently, XAUUSD is trading around the 3220 area, testing short-term resistance levels and potentially building momentum for another upward push.
🔎 Key short-term price zone:
In the short term, gold is likely to range between $3200 and $3250, forming a short-term trading zone where accumulation and directional moves may develop.
✅ Short-Term Trade Setup
🔹BUY:
Entry: 3205
Take Profit (TP): 3210
Stop Loss (SL): 3200
🔹SELL :
Entry: 3241
Take Profit (TP): 3236
Stop Loss (SL): 3246
⚠️ Notes:
These setups are best suited for short-term traders using lower timeframes (M15–H1).
Monitor price action closely around 3200 and 3250 for confirmation before entering trades.
Always apply proper risk management to avoid overexposure, especially with ongoing market reactions to Fed news.
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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.
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.