Despite a week filled with major fundamental releases, gold spent the entire period trapped inside a 4250–4180 range.
Even Friday’s strong early rally into 4250 failed to hold, with the daily close producing a sharp sell-off that left traders without a clear directional bias.
Today’s Asian session opened with renewed buying interest, lifting price back toward 4220, the midpoint of the range. But without a decisive breakout, the medium-term direction remains unclear.
Technically, both the medium-term and long-term trends are still bullish. However, as long as price remains locked inside this range, taking trades carries elevated risk.
What I want to see next:
Bullish scenario:
A fresh attempt to break above resistance, followed by either a clean breakout or a tight consolidation right below it — a classic pressure-building structure.
Bearish scenario:
A breakdown below 4175–4180, which could open the door for a move back toward 4100 or even lower.
Until we get clarity, I remain on the sidelines.
Even Friday’s strong early rally into 4250 failed to hold, with the daily close producing a sharp sell-off that left traders without a clear directional bias.
Today’s Asian session opened with renewed buying interest, lifting price back toward 4220, the midpoint of the range. But without a decisive breakout, the medium-term direction remains unclear.
Technically, both the medium-term and long-term trends are still bullish. However, as long as price remains locked inside this range, taking trades carries elevated risk.
What I want to see next:
Bullish scenario:
A fresh attempt to break above resistance, followed by either a clean breakout or a tight consolidation right below it — a classic pressure-building structure.
Bearish scenario:
A breakdown below 4175–4180, which could open the door for a move back toward 4100 or even lower.
Until we get clarity, I remain on the sidelines.
Trade attivo
Gold is pressing for a down break
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.