GOLD UPDATE (XAU/USD)

[julianreeds]

Trend: Bullish (Short-term – consolidation phase)
Gold is trading above an ascending trendline. Strong support at $3,345 & $3,334. Bulls defending higher lows = underlying strength intact.

Upside Outlook:
Break above $3,380 Next target: $3,395
Sustained momentum above $3,395 = bullish continuation

Downside Risk:
Initial support at $3,345, deeper at $3,334
Break below $3,334 = watch the trendline; may lead to a bigger pullback

Strategy:
Look to buy dips near $3,345 / $3,334
Stop-loss below trendline
Add longs if breakout confirmed above $3,380

Key Levels:
Current: $3,365
R2: $3,395, R1: $3,380
S1: $3,345, S2: $3,334

Still in consolidation, but trendline support keeps bulls in control. Watch for breakout moves!

 

[ChainNodeAlpha]

Gold is edging lower as a stronger US dollar and reduced expectations for early Federal Reserve rate cuts pressure prices. The market is hovering near the 4,060 region with support closer to 4,000. Upside momentum looks limited unless upcoming US data weakens, which could revive safe-haven demand and lift XAU/USD.

 

[ChainNodeAlpha]

Gold (XAU/USD) trades near recent highs around $4,160 as Fed rate-cut expectations weaken the dollar. Momentum stays bullish above $4,100 support, with resistance at $4,185–$4,200. Traders watch upcoming U.S. data for direction; a break above $4,200 may extend gains, while slips below $4,100 could trigger consolidation.