Good evening, everyone!
After gold rallied to around 3388 yesterday, it began to retrace gradually, providing solid returns for our sell-side strategy.
As of now, gold has dipped to a session low near 3339. On the 30-minute chart, the MACD has formed a bullish crossover, and price has broken above the Bollinger mid-band, indicating short-term bullish momentum. The candle structure supports a potential rebound, but strong overhead resistance remains.
Key resistance comes from the 1H MA60 around 3371, and gold still trades within a broader bearish trend on the daily timeframe. While bulls may attempt a recovery, a complete trend reversal remains unlikely unless significant bullish catalysts emerge.
Hence, our strategy continues to favor selling near resistance levels, while cautiously considering long entries near well-defined supports.
📌 Trading Plan (VIP Focus):
✅ Sell Zone: 3370–3383
✅ Buy Zone: 3338–3321
✅ Flexible Trade Range: 3366-3349
After gold rallied to around 3388 yesterday, it began to retrace gradually, providing solid returns for our sell-side strategy.
As of now, gold has dipped to a session low near 3339. On the 30-minute chart, the MACD has formed a bullish crossover, and price has broken above the Bollinger mid-band, indicating short-term bullish momentum. The candle structure supports a potential rebound, but strong overhead resistance remains.
Key resistance comes from the 1H MA60 around 3371, and gold still trades within a broader bearish trend on the daily timeframe. While bulls may attempt a recovery, a complete trend reversal remains unlikely unless significant bullish catalysts emerge.
Hence, our strategy continues to favor selling near resistance levels, while cautiously considering long entries near well-defined supports.
📌 Trading Plan (VIP Focus):
✅ Sell Zone: 3370–3383
✅ Buy Zone: 3338–3321
✅ Flexible Trade Range: 3366-3349
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.
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.