On the 1H chart, the MACD is showing a bullish divergence, signaling a potential bottom. If gold can build a base around 2960-2980, bulls will have the upper hand from a technical standpoint.
While today's major macro news will hit during the U.S. session, technical analysis dominates the Asian and European sessions — which favors a buy-on-dip strategy.
The 3030 resistance, which wasn’t tested yesterday, may be reached today. If the price drops unexpectedly, watch the 2946-2928-2916 zone for new buying opportunities — especially 2928-2916, which is a strong support zone.
XAUUSDMGC1!GC1! Gold opened with a mild bullish tone yesterday but faced resistance near 3018, pulling back briefly before attempting a second push toward 3023. However, the rally failed to sustain, and price returned near the opening level. Compared to recent sessions, yesterday marked a clear contraction in volatility, suggesting either a bottoming formation or a setup for a directional breakout.
From both candlestick structure and indicator alignment, the market appears primed for a potential bullish push today. If momentum builds as expected, a test of the 3037–3043 resistance zone is highly probable.
On the downside, 2976 remains the key initial support, followed by 2952, which was the previous local low.
On the fundamental side, no major data releases are scheduled today. However, updates related to tariff policies will likely be the main market driver, and could trigger intraday volatility.
GOLDGC1! Idea: You can short when gold reboun… Today we shorted in the 3020-3030 range. The gold price fell as expected, reaching a low of 2975. The profit margin is very good. We also ushered in three consecutive victories in gold. These three signals have basically reached the ideal target price. We look forward to continuing the winning streak tomorrow. See you tomorrow!
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XAUUSDGC1! As I expected, gold rebounded to the 3020-3030 area and then fell. Now it has touched TP: 3000, and our short order has hit the take profit.
XAUUSDGC1! Gold rebounded as expected. The long order we bought at 2970 has already touched TP3000. I will give the latest trading strategy for your reference later! Idea: Buy gold now, target 3000/3020…
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