Good afternoon, traders!
Gold continues to move within the predefined trading range from yesterday. Both the short from 3338 and the long from 3306 turned out profitable. Currently, price action is developing into a potential double bottom, with price once again testing key resistance around 3338.
🔍 Key Technical Outlook:
If gold breaks above 3338 decisively, and can hold above 3317 on any pullback, the next bullish target area lies between 3345 / 3352–3368.
However, if price fails to break out, then focus shifts back to the 3303–3286 support zone, which may serve as a potential buy region again.
📉 4H Trend Structure:
On the 4-hour chart, price has already broken below the previous uptrend line.
For the bulls to reclaim control, gold must re-establish above 3350 and sustain momentum. Failure to do so confirms bearish dominance, with the next major support near 3257.
Any weak rebound below key resistance can be treated as a short-selling opportunity.
📊 Macro Focus:
No major economic releases today, but traders should prepare for tomorrow's CPI data, which could be a key driver for gold volatility and inflation sentiment.
📌 Today’s Trading Plan:
✅ Buy zone: 3296–3286
✅ Sell zone: 3348–3358
🔄 Pivot levels for flexible intraday trades:
3343 / 3334 / 3326 / 3318 / 3309 / 3300
Stay cautious, manage position sizes wisely, and be alert for momentum shifts as CPI draws closer.
Gold continues to move within the predefined trading range from yesterday. Both the short from 3338 and the long from 3306 turned out profitable. Currently, price action is developing into a potential double bottom, with price once again testing key resistance around 3338.
🔍 Key Technical Outlook:
If gold breaks above 3338 decisively, and can hold above 3317 on any pullback, the next bullish target area lies between 3345 / 3352–3368.
However, if price fails to break out, then focus shifts back to the 3303–3286 support zone, which may serve as a potential buy region again.
📉 4H Trend Structure:
On the 4-hour chart, price has already broken below the previous uptrend line.
For the bulls to reclaim control, gold must re-establish above 3350 and sustain momentum. Failure to do so confirms bearish dominance, with the next major support near 3257.
Any weak rebound below key resistance can be treated as a short-selling opportunity.
📊 Macro Focus:
No major economic releases today, but traders should prepare for tomorrow's CPI data, which could be a key driver for gold volatility and inflation sentiment.
📌 Today’s Trading Plan:
✅ Buy zone: 3296–3286
✅ Sell zone: 3348–3358
🔄 Pivot levels for flexible intraday trades:
3343 / 3334 / 3326 / 3318 / 3309 / 3300
Stay cautious, manage position sizes wisely, and be alert for momentum shifts as CPI draws closer.
Trade attivo
Gold has pulled back from the 3350 level,and our sell signal in the 3348–3358 resistance zone has now turned profitable.
Short-term trades within the dynamic trading range also performed well.
Currently, the market is undergoing resistance-based selling pressure,
and the next move depends on whether key support levels can hold.
Actionable Suggestions:
Conservative traders: Consider taking profits now and securing gains
Still holding?: Set a protective stop-loss to guard profits while leaving room for upside
If support proves strong, a renewed upward push is likely
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.