Good Morning dear traders, are you looking for trading signals, here is a good news for you. Today we are here with XAUUSD (Gold) Technical Analysis & Trading Signal, Let’s delve into the analysis witut delay
📈 GOLD (XAUUSD) – Will the Bullish Trend Continue?
Gold has been on a rollercoaster lately, but the overall structure remains bullish as XAUUSD continues to respect the ascending trendline on the 1H chart. The price action has been consolidating, yet holding firm above the 50-period moving average – a sign that buyers are still in control and that bullish momentum may resume soon.
🟢 The 50-MA is now acting as a dynamic support, cushioning any pullbacks and aligning with the trendline, which together form a solid technical base. This convergence of support levels strengthens the case for another move higher – as long as the price remains above these zones.
Currently, XAUUSD is hovering just below a key resistance level at $3340. This zone has historically acted as a barrier, and a successful breakout above this level could pave the way for the next bullish leg.
🔍 Gold Key Technical Outlook:
- Support: Dynamic support from trendline + 50-MA
- Resistance: $3340 (immediate) — breakout target: $3365
- Bullish Confirmation: We look for a strong 4H candle close above $3340 with volume
- Bias: Bullish continuation as long as the price holds above trendline and MA
🧠 Why Gold Might Rally Further?
Rising geopolitical tensions and weaker dollar demand have been adding fuel to gold’s bullish fire. With inflation and rate cut speculations still in the air, investors are increasingly turning to gold as a safe haven asset.
💬 XAUUSD Trading Entry Point:
🔼 Buy XAUUSD if price breaks and consolidates above $3340
🎯 Target: $3365
📉 Stop loss can be placed just below trendline or MA for tight risk control
👍 Smash that LIKE if you’re bullish on Gold!
📢 Drop your target in the comments — where do you think XAUUSD is headed next?