Technical Analysis:
1. Trend Analysis:
• 1H Chart: Clear uptrend with a pullback and price stabilizing near 2918.
• 15M Chart: Price has been consolidating after a recovery from a dip.
• 3M Chart: Market is forming higher lows, showing strength.
2. Indicators:
• MACD:
• 1H Chart: Bullish momentum, MACD line above signal line.
• 15M Chart: MACD recovering from a dip.
• 3M Chart: Weakening bearish momentum, signaling potential reversal.
• RSI:
• 1H Chart: 53.84 (neutral, with room for upside).
• 15M Chart: 50.50 (balanced, indicating neither overbought nor oversold).
• 3M Chart: 57.78 (leaning bullish).
3. Support & Resistance Levels:
• Support: 2910, 2895
• Resistance: 2928, 2946
Fundamental Analysis:
• Gold’s recent movement is supported by:
• Dollar weakness due to expectations of Fed rate cuts.
• Geopolitical uncertainty keeping gold as a safe-haven asset.
• U.S. Treasury Yields stabilizing, giving gold more upside room.
Trade Execution:
• Entry: 2918
• Stop Loss (SL): 2908 (10 points)
• Take Profit (TP): 2938 (20 points)
• Risk-Reward Ratio: 2:1
Rationale for Trade:
• Momentum is bullish across timeframes.
• Good confluence of technical and fundamental factors supporting upside.
• Risk is well-managed with a strong RRR of 2:1.
XAUUSD
1. Trend Analysis:
• 1H Chart: Clear uptrend with a pullback and price stabilizing near 2918.
• 15M Chart: Price has been consolidating after a recovery from a dip.
• 3M Chart: Market is forming higher lows, showing strength.
2. Indicators:
• MACD:
• 1H Chart: Bullish momentum, MACD line above signal line.
• 15M Chart: MACD recovering from a dip.
• 3M Chart: Weakening bearish momentum, signaling potential reversal.
• RSI:
• 1H Chart: 53.84 (neutral, with room for upside).
• 15M Chart: 50.50 (balanced, indicating neither overbought nor oversold).
• 3M Chart: 57.78 (leaning bullish).
3. Support & Resistance Levels:
• Support: 2910, 2895
• Resistance: 2928, 2946
Fundamental Analysis:
• Gold’s recent movement is supported by:
• Dollar weakness due to expectations of Fed rate cuts.
• Geopolitical uncertainty keeping gold as a safe-haven asset.
• U.S. Treasury Yields stabilizing, giving gold more upside room.
Trade Execution:
• Entry: 2918
• Stop Loss (SL): 2908 (10 points)
• Take Profit (TP): 2938 (20 points)
• Risk-Reward Ratio: 2:1
Rationale for Trade:
• Momentum is bullish across timeframes.
• Good confluence of technical and fundamental factors supporting upside.
• Risk is well-managed with a strong RRR of 2:1.
XAUUSD 
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.
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.