Market Context & Sentiment
Bullish Momentum Continues
Gold remains on an upward trajectory, hovering around the psychologically significant $3,400 resistance level, buoyed by expectations of a Fed interest rate cut as early as September
The price has already broken above $3,420 recently, suggesting strong breakout potential
Support from USD Weakness & Rate Cut Bets
A softer U.S. dollar and solid expectations for a 25-basis-point rate cut continue to underlie gold’s upward bias. The CME FedWatch Tool shows an ~86–88% probability of a cut, reinforcing gold’s attraction as a non-yielding safe haven ..
Technical Outlook
Immediate Resistance: Between $3,420–$3,423, marking the top of the recent triangle breakout test
Support Zones: Pullbacks toward $3,300–$3,200 are expected to be shallow, with buyers likely to reenter
Recent gains have amounted to a +2% rise over the past five trading sessions, underscoring a clear short-term bullish trend
Risks to Monitor
Profit-Taking: Some pullback is already in motion as traders lock in gains
Upcoming US Data (PCE Index): Markets are awaiting the U.S. Personal Consumption Expenditures (PCE) Price Index—if inflation surprises to the upside, it might temper rate-cut expectations and pressure gold .
XAUUSD Update (29 Aug 2025)
📌 Buy Zone → 3407 – 3409
This is the entry area where price shows strong support.
🔒 Stop Loss (SL) → 3405
Placed just below support. If price breaks here, bullish setup is invalid.
🎯 Take Profit Targets:
TP1: 3421 → First resistance, safe partial profit zone.
TP2: 3432 → Next resistance level, higher reward if trend continues.
📊 Reasoning:
Gold is holding above the $3400 key support.
Market sentiment is still bullish due to Fed rate-cut expectations and dollar weakness.
Strategy is to buy dips near support and aim for the next resistance levels.
⚠️ Always manage risk. SL is small (4 pips risk), while TP1/TP2 offer bigger reward.
Bullish Momentum Continues
Gold remains on an upward trajectory, hovering around the psychologically significant $3,400 resistance level, buoyed by expectations of a Fed interest rate cut as early as September
The price has already broken above $3,420 recently, suggesting strong breakout potential
Support from USD Weakness & Rate Cut Bets
A softer U.S. dollar and solid expectations for a 25-basis-point rate cut continue to underlie gold’s upward bias. The CME FedWatch Tool shows an ~86–88% probability of a cut, reinforcing gold’s attraction as a non-yielding safe haven ..
Technical Outlook
Immediate Resistance: Between $3,420–$3,423, marking the top of the recent triangle breakout test
Support Zones: Pullbacks toward $3,300–$3,200 are expected to be shallow, with buyers likely to reenter
Recent gains have amounted to a +2% rise over the past five trading sessions, underscoring a clear short-term bullish trend
Risks to Monitor
Profit-Taking: Some pullback is already in motion as traders lock in gains
Upcoming US Data (PCE Index): Markets are awaiting the U.S. Personal Consumption Expenditures (PCE) Price Index—if inflation surprises to the upside, it might temper rate-cut expectations and pressure gold .
XAUUSD Update (29 Aug 2025)
📌 Buy Zone → 3407 – 3409
This is the entry area where price shows strong support.
🔒 Stop Loss (SL) → 3405
Placed just below support. If price breaks here, bullish setup is invalid.
🎯 Take Profit Targets:
TP1: 3421 → First resistance, safe partial profit zone.
TP2: 3432 → Next resistance level, higher reward if trend continues.
📊 Reasoning:
Gold is holding above the $3400 key support.
Market sentiment is still bullish due to Fed rate-cut expectations and dollar weakness.
Strategy is to buy dips near support and aim for the next resistance levels.
⚠️ Always manage risk. SL is small (4 pips risk), while TP1/TP2 offer bigger reward.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.