Gold Trading Signal Today (XAU/USD): BUY

In light of the current volatility in global markets and rising geopolitical tensions, gold remains a safe haven for investors seeking protection against risks. We are witnessing renewed upside movement in gold prices after a recent slight pullback, opening the door to promising buying opportunities that align with positive technical signals on both the daily and hourly timeframes.

Recommendation Details

• Pair: XAU/USD

• Action: Buy (BUY)

• Entry Range: 3351 – 3354

• Take Profit Targets:

  • TP1: 3358

  • TP2: 3363

  • TP3: 3370

  • Take profit is open beyond the third target to capture any further bullish momentum.

• Stop Loss: 3341

Brief Technical Analysis

1. Strong Support at 3350 – 3352:
   Price has bounced multiple times around the 3350 level, forming a solid support zone that allowed gold to recover from recent lows. This bullish reversal confirms that buyers are in control at this point.

2. Increasing Bullish Momentum:
   The Relative Strength Index (RSI) on the hourly chart has moved modestly toward the overbought region after crossing above the 50 line, indicating that upward momentum could continue in the short term. Additionally, the 20-period Exponential Moving Average (EMA 20) is sloping upward and has turned into a support level once price reclaimed it.

3. Consecutive Resistance Levels:
   Gold faces short-term resistance at 3358 (TP1). A firm break above this level would shift the focus to 3363 (TP2), followed by 3370 (TP3). Clearing each of these levels would confirm sustained bullish momentum.

Risk Management

• Stop Loss at 3341: Placing the stop loss at 3341 allows a small buffer for normal price fluctuations without exiting the trade prematurely, while maintaining a risk of roughly 10 ticks versus the first profit target.

• Adjusting Stop Loss: Once price reaches the first target (3358), it is recommended to move the stop loss to the entry zone (3351 – 3354) to neutralize risk (“trailing stop”). After reaching the second target (3363), consider raising the stop loss to 3358 to lock in profits and reduce risk further.

Conclusion

This recommendation comes at a time when buyers are steering gold’s trajectory, driven by a weakening U.S. dollar and expectations that some central banks will adopt dovish policies. It is advised to monitor price action around the identified support levels and execute buy orders within the specified entry range. Adhering to proper money management and placing stop orders and profit targets as outlined will help achieve optimal results and minimize the impact of sudden reversals.

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Note: This gold trading signal is provided for informational purposes only and does not constitute binding investment advice. Please perform your own analysis and follow your risk management rules before making any trading decision.

Despite facing strong negative pressure on the CADJPY price recently, but its repeated stability above the support at 103.55 forms a main factor that motivates the suggested bullish track, to notice forming some of the bullish waves by its stability near 104.15, to confirm that gathering the positive momentum is important to reach 104.80, then presses on the moving average 55 near 105.15 to find an exit for resuming the bullish attack in the upcoming period trading.

The expected trading range for today is between 103.70 and 104.80

Trend forecast: Bullish

Natural gas price took advantage of stochastic attempt to provide positive momentum, to notice surpassing $3.600 level, recording some of the gains by reaching $3.750, but the repeated stability below the barrier at $3.870 represents a main barrier against regaining the bullish bias, to expect forming mixed trading, and there is chance for the decline again below $3.600 level and targeting the negative stations near $3.450 and $3.320.

While facing new bullish pressure and breaching the mentioned barrier will confirm its readiness to form strong bullish waves, to expect achieving several gains by its rally towards $3.950 and $4.150.

The expected trading range for today is between $3.550 and 3.800

Trend forecast: Bearish

The EURJPY pair remains stable until this moment near the extra support at 163.35 level, but stochastic is providing negative momentum that makes us confirm breaking this support, to begin forming bearish correctional, to target 162.40 level reaching the support near 161.85.

Reminding you that the chances for activating the bullish track valid for the price success to breach 163.85 level and providing a positive close to increase the chances for forming strong bullish waves to target 164.85 and 165.30 level.

The expected trading range for today is between 162.40 and 163.35

Trend forecast: Bearish