GOLD: Maintain a Primarily Long Bias

XAUUSD Gold Traders

$Gold - main 2608(GCmain)$Gold prices stabilized around $4,500 on Friday (May 29), following a rebound from the previous trading session. Reports of an initial agreement between the U.S. and Iran eased market concerns over inflation and interest rate outlooks.

Technical Analysis: After a sharp V-shaped rebound from a deep decline, gold found support at the bottom (around 4368–4372) and launched a powerful technical recovery. Moving average divergence correction: Following a rapid surge to approximately 4511.88, prices clearly diverged from the moving averages (MA). The current phase features sideways consolidation or slight pullback at higher levels—a typical adjustment in both time and space after a steep rally.

Strong resistance zone above: Resistance lies in the range of 4540–4545, a previously congested and highly contested zone. This area is a critical battleground, making it difficult for bulls to break through decisively.

Currently, bullish momentum is pushing toward the resistance zone at 4540–4545. With the logic of core inflation easing continuing throughout the day, bulls hold a clear and dominant advantage. For now, maintain a primarily long bias.

Strategy: XAUUSD

Buy: 4493–4495, TP: 4525, SL: 4480

Sell: 4540–4542, TP: 4520, SL: 4555

$XAU/USD(XAUUSD.FOREX)$

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Reports of an initial agreement between the U.S. and Iran eased market concerns over inflation and interest rate outlooks.</p>\n<p style=\"text-align: left;\">Technical Analysis: After a sharp V-shaped rebound from a deep decline, gold found support at the bottom (around 4368–4372) and launched a powerful technical recovery. Moving average divergence correction: Following a rapid surge to approximately 4511.88, prices clearly diverged from the moving averages (MA). The current phase features sideways consolidation or slight pullback at higher levels—a typical adjustment in both time and space after a steep rally.</p>\n<p style=\"text-align: left;\">Strong resistance zone above: Resistance lies in the range of 4540–4545, a previously congested and highly contested zone. This area is a critical battleground, making it difficult for bulls to break through decisively.</p>\n<p style=\"text-align: left;\">Currently, bullish momentum is pushing toward the resistance zone at 4540–4545. With the logic of core inflation easing continuing throughout the day, bulls hold a clear and dominant advantage. For now, maintain a primarily long bias.</p>\n<p style=\"text-align: left;\">Strategy: XAUUSD</p>\n<p style=\"text-align: left;\">Buy: 4493–4495, TP: 4525, SL: 4480</p>\n<p style=\"text-align: left;\">Sell: 4540–4542, TP: 4520, SL: 4555</p>\n<p style=\"text-align: left;\"><a data-mention-id=\"XAUUSD.FOREX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" target=\"_blank\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a></p>\n<p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/fbb9cf5bdebf5682567c9894308ffe6f\" tg-width=\"900\" tg-height=\"469\"><span></span></p>\n<hr>\n<blockquote>\n <p style=\"text-align: left;\"><span><strong>😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.</strong></span></p>\n <p style=\"text-align: left;\"><span>🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!</span></p>\n <p style=\"text-align: left;\"><a target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\" href=\"https://ttm.financial/TW/554651083281352\" title=\"\"><strong>Hot Merch Returns · Up to 43% Off</strong></a></p>\n <p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/59c7e1e81ab952e9f6906006c98def18\" tg-width=\"1080\" tg-height=\"1350\"><span></span></p>\n</blockquote></body></html>","htmlText":"<html><head></head><body><p style=\"text-align: left;\"><a data-mention-id=\"GCmain\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2608\" target=\"_blank\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2608(GCmain)$</a>Gold prices stabilized around $4,500 on Friday (May 29), following a rebound from the previous trading session. Reports of an initial agreement between the U.S. and Iran eased market concerns over inflation and interest rate outlooks.</p>\n<p style=\"text-align: left;\">Technical Analysis: After a sharp V-shaped rebound from a deep decline, gold found support at the bottom (around 4368–4372) and launched a powerful technical recovery. Moving average divergence correction: Following a rapid surge to approximately 4511.88, prices clearly diverged from the moving averages (MA). The current phase features sideways consolidation or slight pullback at higher levels—a typical adjustment in both time and space after a steep rally.</p>\n<p style=\"text-align: left;\">Strong resistance zone above: Resistance lies in the range of 4540–4545, a previously congested and highly contested zone. This area is a critical battleground, making it difficult for bulls to break through decisively.</p>\n<p style=\"text-align: left;\">Currently, bullish momentum is pushing toward the resistance zone at 4540–4545. With the logic of core inflation easing continuing throughout the day, bulls hold a clear and dominant advantage. For now, maintain a primarily long bias.</p>\n<p style=\"text-align: left;\">Strategy: XAUUSD</p>\n<p style=\"text-align: left;\">Buy: 4493–4495, TP: 4525, SL: 4480</p>\n<p style=\"text-align: left;\">Sell: 4540–4542, TP: 4520, SL: 4555</p>\n<p style=\"text-align: left;\"><a data-mention-id=\"XAUUSD.FOREX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" target=\"_blank\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a></p>\n<p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/fbb9cf5bdebf5682567c9894308ffe6f\" tg-width=\"900\" tg-height=\"469\"><span></span></p>\n<hr>\n<blockquote>\n <p style=\"text-align: left;\"><span><strong>😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.</strong></span></p>\n <p style=\"text-align: left;\"><span>🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!</span></p>\n <p style=\"text-align: left;\"><a target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\" href=\"https://ttm.financial/TW/554651083281352\" title=\"\"><strong>Hot Merch Returns · Up to 43% Off</strong></a></p>\n <p class=\"t-img-caption\"><img data-align=\"center\" src=\"https://community-static.tradeup.com/news/59c7e1e81ab952e9f6906006c98def18\" tg-width=\"1080\" tg-height=\"1350\"><span></span></p>\n</blockquote></body></html>","text":"$Gold - main 2608(GCmain)$Gold prices stabilized around $4,500 on Friday (May 29), following a rebound from the previous trading session. Reports of an initial agreement between the U.S. and Iran eased market concerns over inflation and interest rate outlooks. Technical Analysis: After a sharp V-shaped rebound from a deep decline, gold found support at the bottom (around 4368–4372) and launched a powerful technical recovery. Moving average divergence correction: Following a rapid surge to approximately 4511.88, prices clearly diverged from the moving averages (MA). The current phase features sideways consolidation or slight pullback at higher levels—a typical adjustment in both time and space after a steep rally. Strong resistance zone above: Resistance lies in the range of 4540–4545, a previously congested and highly contested zone. This area is a critical battleground, making it difficult for bulls to break through decisively. Currently, bullish momentum is pushing toward the resistance zone at 4540–4545. With the logic of core inflation easing continuing throughout the day, bulls hold a clear and dominant advantage. For now, maintain a primarily long bias. Strategy: XAUUSD Buy: 4493–4495, TP: 4525, SL: 4480 Sell: 4540–4542, TP: 4520, SL: 4555 $XAU/USD(XAUUSD.FOREX)$ 😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance. 🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold! Hot Merch Returns · Up to 43% Off","highlighted":1,"essential":1,"paper":2,"likeSize":81,"commentSize":0,"repostSize":3,"favoriteSize":0,"link":"https://ttm.financial/post/569475844662304","repostId":0,"isVote":1,"tweetType":1,"viewCount":514,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["XAUUSD.FOREX","GCmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1287,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/569475844662304"}