#GoldReboundsNearly5%
🚨 GOLD JUST RIPPED 5% — AND THE TECHNICAL SETUP IS GETTING INTERESTING. 🥇
Gold is trading around $4,604 after hitting a fresh swing high at $4,632, reclaiming both the 200-day MA and its downtrend line.
What’s behind the move?
🕊️ Dovish Fed expectations after soft jobs data
💵 DXY falling toward ~99.5
🏦 China adding ~20T of gold in July
🌍 Iran/US tensions supporting safe-haven demand
Technically, a break above $4,632 could open the way toward $4,891 if support holds. The key danger zone is a daily close below $4,357.
$XAU/USD — 1H LONG on pullback
🟢 Entry: 4,570–4,590
🛑 SL: 4,545
🎯 TP1: 4,620
🎯 TP2: 4,650
🎯 TP3: Open → $4,891
RSI is extended, so this is a buy-the-dip setup, not a FOMO entry.
NFA.
#GOLD #XAUUSD #Trading #Macro #forex
🚨 GOLD JUST RIPPED 5% — AND THE TECHNICAL SETUP IS GETTING INTERESTING. 🥇
Gold is trading around $4,604 after hitting a fresh swing high at $4,632, reclaiming both the 200-day MA and its downtrend line.
What’s behind the move?
🕊️ Dovish Fed expectations after soft jobs data
💵 DXY falling toward ~99.5
🏦 China adding ~20T of gold in July
🌍 Iran/US tensions supporting safe-haven demand
Technically, a break above $4,632 could open the way toward $4,891 if support holds. The key danger zone is a daily close below $4,357.
$XAU/USD — 1H LONG on pullback
🟢 Entry: 4,570–4,590
🛑 SL: 4,545
🎯 TP1: 4,620
🎯 TP2: 4,650
🎯 TP3: Open → $4,891
RSI is extended, so this is a buy-the-dip setup, not a FOMO entry.
NFA.
#GOLD #XAUUSD #Trading #Macro #forex