NordKern | Simplified Insight 
XAUUSD – Short Opportunity Ahead
Gold is now near our important level at 3370, offering a shorting opportunity considering recent events and technical action.
Gold Price Decline – What's Behind It?
In the last two sessions (July 23–24), gold has retreated strongly owing to a set of global as well as market-specific circumstances:
1. Trade Deal Optimism
Advances in U.S.–Japan and U.S.–EU trade discussions lessened worldwide uncertainty, decreasing demand for gold as a safe-haven.
2. Higher U.S. Yields
Higher Treasury yields are rendering non-yielding assets such as gold less appealing, adding to downward pressure.
3. Technical & Profit-Taking
Following a recent rally, gold was exposed to selling. Stop-loss and profit-taking triggers hastened the fall.
Summary of Key Drivers
Trade Setup – Bearish Bias
Entry: 3374.4
Stop Loss: 3387.3
Take Profit: 3345.4
Extended Target: 3322
Key Notes:
- Trade Deal Optimism: U.S.–Japan and U.S.–EU agreements eased global tensions, reducing demand for gold as a safe-haven asset.
- Yield Pressure: Rising U.S. Treasury yields made gold less attractive compared to interest-bearing alternatives.
- Technical Selling: Profit-taking and stop-loss triggers accelerated the decline after gold’s recent rally.
This setup remains tactically driven. Manage risk carefully and monitor for any renewed political shifts.
XAUUSD – Short Opportunity AheadGold is now near our important level at 3370, offering a shorting opportunity considering recent events and technical action.
Gold Price Decline – What's Behind It?
In the last two sessions (July 23–24), gold has retreated strongly owing to a set of global as well as market-specific circumstances:
1. Trade Deal Optimism
Advances in U.S.–Japan and U.S.–EU trade discussions lessened worldwide uncertainty, decreasing demand for gold as a safe-haven.
2. Higher U.S. Yields
Higher Treasury yields are rendering non-yielding assets such as gold less appealing, adding to downward pressure.
3. Technical & Profit-Taking
Following a recent rally, gold was exposed to selling. Stop-loss and profit-taking triggers hastened the fall.
Summary of Key Drivers
- U.S. Trade Deals: Reduced geopolitical risk
- Higher Treasury Yields: Decreased gold's relative attractiveness
- Technical Selling: Enhanced the downward trend
Trade Setup – Bearish Bias
Entry: 3374.4
Stop Loss: 3387.3
Take Profit: 3345.4
Extended Target: 3322
Key Notes:
- Trade Deal Optimism: U.S.–Japan and U.S.–EU agreements eased global tensions, reducing demand for gold as a safe-haven asset.
- Yield Pressure: Rising U.S. Treasury yields made gold less attractive compared to interest-bearing alternatives.
- Technical Selling: Profit-taking and stop-loss triggers accelerated the decline after gold’s recent rally.
This setup remains tactically driven. Manage risk carefully and monitor for any renewed political shifts.
Trade active
Trade closed: target reached
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.