Good morning, everyone!
Gold experienced a sharp decline yesterday. Technically, the conditions for a rebound are in place, but since a solid bottom structure has yet to form, a retest to the downside is likely during today’s session.
Key levels to watch:
Resistance zone: 3336–3348
Support zones: Primary support at 3313–3303, with additional support around 3296–3282
Today’s overall strategy remains buying on dips as the primary approach, with short opportunities near resistance as a secondary option.
Key scenario to monitor:
If the price drops to around 3280 but fails to rebound toward 3336, and the daily close ends below 3300, then the buy-on-dip strategy will likely continue into tomorrow.
Gold experienced a sharp decline yesterday. Technically, the conditions for a rebound are in place, but since a solid bottom structure has yet to form, a retest to the downside is likely during today’s session.
Key levels to watch:
Resistance zone: 3336–3348
Support zones: Primary support at 3313–3303, with additional support around 3296–3282
Today’s overall strategy remains buying on dips as the primary approach, with short opportunities near resistance as a secondary option.
Key scenario to monitor:
If the price drops to around 3280 but fails to rebound toward 3336, and the daily close ends below 3300, then the buy-on-dip strategy will likely continue into tomorrow.
Trade attivo
Gold has rallied to the 3336 level during the session, successfully reaching the target area for previously initiated long positions, with solid profit performance.The current consolidation near resistance is a normal technical reaction. The trading outlook going forward:
If the price continues to rise, look for short-term selling opportunities near higher resistance.
If the price pulls back, consider buying on dips around key support levels.
Given the current structure, a pullback below 3295 is unlikely in the short term. Continue to trade the range with a focus on selling near resistance and buying near support, while managing risk appropriately.
Trade chiuso: obiettivo raggiunto
Have a nice day everyone
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I’ve created a channel where I’ll be posting market analysis and trading signals.
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.