Gold outlook: Bears tighten grip and probe again into daily cloud

avatar
· 阅读量 8

Gold

Gold remains in red for the second consecutive day, pressured by stronger dollar on risk aversion as uncertainty over US tariffs rises.

Bears probe again through pivotal support at $3300 (psychological / rising daily cloud top) in attempts to sustain break lower, after cloud contained several attacks recently.

Today’s action so far hold in the cloud, as bears cracked 50% retracement of $3120/$3452 ($3286) and eye next significant support at $3277 (triangle support line).

Daily studies are weak (Tenkan/Kijun-sen in bearish setup / negative momentum is strengthening) and supportive for further easing, with loss of $3277 trendline support to risk attack at key supports at $3247 (Jun 30 higher low/ Fibo 61.8%) and $3228 (daily cloud base).

Conversely, another failure to register daily close within the cloud, would ease immediate downside threats, but regain of $3225/36 (broken Fibo 38.2% / upper triangle boundary) will be required to sideline near-term bears and shift focus higher.

Fed minutes (due later today) are in focus for more details about Fed’s short-term rate outlook.

Res: 3300; 3308; 3325; 3338.
Sup: 3277; 3247; 3228; 3205.

Gold outlook: Bears tighten grip and probe again into daily cloud

Interested in XAU/USD technicals? Check out the key levels

    1. R3 3394.54
    2. R2 3370.2
    3. R1 3335.9
  1. PP 3311.55
    1. S1 3277.25
    2. S2 3252.91
    3. S3 3218.61
See Full Study
Share: Analysis feed

风险提示:以上内容仅代表作者或嘉宾的观点,不代表 FOLLOWME 的任何观点及立场,且不代表 FOLLOWME 同意其说法或描述,也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为,除非另有明确的书面承诺文件,否则本社区不承担任何形式的责任。

FOLLOWME 交易社区网址: www.followme.ceo

喜欢的话,赞赏支持一下
avatar
回复 0

加载失败()

  • tradingContest