Gold Maintains Uptrend, Short-Term Volatility Warning

Wait 5 sec.

Gold Maintains Uptrend, Short-Term Volatility WarningGoldOANDA:XAUUSDMian-FXSignalsπŸ“Š Market Overview: Gold prices continue holding above the psychological 5200 USD/oz level after breaking out of the 5150–5180 consolidation range. The rally is supported by expectations that the Fed may maintain a more accommodative stance in the coming months, along with safe-haven demand amid financial market volatility. However, as price moves into new highs, short-term profit-taking pressure is emerging. πŸ“‰ Technical Analysis: β€’ Key Resistance: 5225 – 5235 | 5250 – 5265 β€’ Nearest Support: 5185 – 5190 | 5165 – 5175 β€’ EMA 09: Price remains above the H1 EMA 09 β†’ short-term bullish trend intact. β€’ Candlestick / Volume / Momentum: Small-bodied candles with long upper wicks near 5220 indicate selling pressure. Volume is weakening compared to the breakout phase β†’ potential technical pullback before continuation. RSI approaching overbought zone. πŸ“Œ Outlook: Gold may see a short-term correction if it fails to break firmly above 5235. As long as 5185 holds, the bullish bias remains toward 5250+. ________________________________________ πŸ’‘ Trading Strategy: SELL XAU/USD: 5225 – 5227 🎯 TP: 40 / 80 / 200 / 300 pips ❌ SL: 5231 BUY XAU/USD: 5186 – 5183 🎯 TP: 40 / 80 / 200 / 300 pips ❌ SL: 5179