🖥 Technical Analysis $XAU $XAG $XAUT

🟢 Gold Price Movement:

- In yesterday's trading session, the gold price continued to maintain a tug-of-war around the 4800 area, after several attempts to break through but has not been able to sustain above. Profit-taking pressure still appears whenever the price approaches the high zone.

- During this morning's session, the price is fluctuating around 4815 – 4820, indicating that the market is still in a consolidation phase and has not yet shown a clear direction after the previous increase.

- On the H1 timeframe, prices are still maintaining a slight upward structure in the short term, with higher lows. However, there is a dense resistance area above, so the upward momentum is clearly limited.

- The EMA lines are currently converging around the current price area, reflecting a sideways accumulation state, indicating that the market is waiting for new factors to determine the next trend.

- In this context, the intraday strategy will prioritize observing the price reaction at important boundary areas, especially the resistance area above.

🔘 Area 1: around 4870 – 4890. This is the nearest resistance area. If prices approach this area again but cannot break through, the likelihood of a correction is quite high.

🔘 Area 2: around 4970 – 4990. This is a stronger resistance area above, as well as an important psychological level. If the market has enough momentum, this will be the next target area.

- Conversely, the support areas to pay attention to include:

🔘 Area 1: around 4755 – 4735. This is the nearest support area, where prices have reacted multiple times in previous sessions. If prices adjust back here and hold, the short-term upward trend can still be maintained.

🔘 Area 2: around 4710 – 4690. This is a deeper support area. In case selling pressure increases and the upper support area is broken, prices may return to test this area.

- Regarding the fundamentals, gold prices are being affected by the weakness of the USD, as this index fluctuates around its lowest level in recent weeks.

- However, the market is still being constrained by expectations of the Fed's monetary policy, as inflation has not truly cooled down, keeping the possibility of maintaining high interest rates still present. At the same time, geopolitical factors in the Middle East are still playing a supportive role, but are not strong enough to create a clear upward trend.

‼️ In the context of the market accumulating within a narrow range, prices may continue to exhibit alternating increases and decreases, thus risk management and control of trading volume must still be prioritized.

➡️ Short-term reference strategy:

🟢 Price area likely to reverse down

🔽 Resistance area: 4870 - 4890, 4970 - 4990

🟢 Price area likely to reverse up

🔼 Support area: 4755 - 4735, 4710 - 4690

🔴The above is my personal opinion, the information is for reference only.

👉 Recommendation to cut losses from 5–10 points, depending on the market entry point and your risk tolerance.

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