Gold Weekly Trend Analysis and Trading Recommendations

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Gold Weekly Trend Analysis and Trading RecommendationsGoldOANDA:XAUUSDOrionPierceThe current market is primarily influenced by policy and trade uncertainties. On Thursday, the reinstatement of tariff measures during the appeal period escalated trade-related concerns, providing support for gold prices. If inflation moderates, there might be two interest rate cuts within the year. Although the FOMC minutes indicate a temporary wait-and-see stance, the market still anticipates rate cuts, and this uncertainty offers medium-to-long-term support to gold. On the daily chart, gold transitioned from consecutive bearish candles to a bullish one, stabilizing above the midline of the Bollinger Bands. The stochastic indicator is in a state of passivation, with the green bearish momentum weakening and the KDJ dead cross showing signs of repair. Currently, gold prices are fluctuating within the range of $3,280 to $3,325. The key support level is $3,270, while the short-term resistance is $3,325. If it stabilizes above $3,325, a further rebound to $3,365 could follow; if it breaks below $3,270, it may decline to $3,260. In the 4-hour timeframe, the Bollinger Bands exhibit a narrowing pattern, and the moving average system is poised to correct the downward trend in the short term. With the Trump administration's tariff measures temporarily in effect, gold's short-term trend is expected to continue exhibiting wide-range volatility, while the long-term trend remains bullish. For intraday trading, focus on the short-term resistance at $3,325. Once it stabilizes above this level, the rebound could extend to around $3,365. The short-term support lies at $3,280 to $3,270. XAUUSD sell@3315-3320 tp:3300-3280-3260