📊 Market Overview:

Gold (XAU/USD) is currently trading around 4,060 USD/oz, recovering after last week's pullback as a weaker U.S. dollar and renewed safe-haven demand provide support. Market attention is now focused on key U.S. economic data this week, especially the Non-Farm Payrolls (NFP) report, which could shape expectations for the Federal Reserve's monetary policy. Cautious sentiment continues to keep gold trading within a relatively narrow range while investors wait for a stronger catalyst.

📉 Technical Analysis:


Key Resistance Levels:
4,078 – 4,082 USD
4,098 – 4,105 USD

Nearest Support Levels:
4,048 – 4,052 USD
4,020 – 4,025 USD

EMA: Price remains above the 9-period EMA (H1), indicating that the short-term trend is still bullish, although upside momentum remains limited.

Candlestick / Volume / Momentum:
H1 candlesticks continue to form a consolidation pattern following the recent rebound.
Trading volume remains moderate, suggesting both buyers and sellers are waiting for a stronger market catalyst.
RSI is fluctuating within the neutral zone (50–60), while MACD remains in positive territory. However, the gap between the MACD and signal line has not widened significantly, indicating that bullish momentum still needs further confirmation.

📌 Outlook:

Gold could continue its short-term rally if it breaks decisively above the 4,080 USD resistance. Otherwise, failure to break this level may trigger a pullback toward the 4,050–4,020 USD support zone before a new trend develops.

💡 Suggested Trading Strategy:

🔻 SELL XAU/USD: 4,078 – 4,082

🎯 TP: 40 / 80 / 200 pips
❌ SL: 4,085

🔺 BUY XAU/USD: 4,048 – 4,045

🎯 TP: 40 / 80 / 200 pips
❌ SL: 4,040