🔍 Market Overview:
Gold remains in a consolidation phase near multi-year highs, hovering around the $3,200 level. The prior high of $3,245 acts as short-term resistance, while the $3,175–3,180 area offers critical support. Although price momentum has paused, the broader bullish structure remains intact.
Macro catalysts including geopolitical uncertainty, ongoing central bank gold accumulation, and fragile fiscal-monetary dynamics in the U.S. continue to favor long-term bullish positioning.
🔮 Trend Outlook:
Medium-Term Bias: Bullish continuation remains likely, with potential for breakout above $3,245 toward $3,265–3,270.
Short-Term Risk: A breakdown below $3,175 could trigger a deeper retracement to $3,150 or even $3,120.
🎯 Trade Strategies
🟢 Buy on Dip (Primary View)
Entry Zone: $3,185–3,175
Stop Loss: Below $3,165
Targets: $3,220 / $3,245 / $3,265–3,270 (on breakout)
🔴 Tactical Short (Countertrend Idea)
Entry Zone: $3,235–3,245
Stop Loss: Above $3,252
Targets: $3,210 / $3,185
✅ Summary: Maintain a buy-on-dip approach, with tactical short positions at resistance levels. A confirmed breakout above $3,245 warrants bullish continuation trades.
Gold remains in a consolidation phase near multi-year highs, hovering around the $3,200 level. The prior high of $3,245 acts as short-term resistance, while the $3,175–3,180 area offers critical support. Although price momentum has paused, the broader bullish structure remains intact.
Macro catalysts including geopolitical uncertainty, ongoing central bank gold accumulation, and fragile fiscal-monetary dynamics in the U.S. continue to favor long-term bullish positioning.
🔮 Trend Outlook:
Medium-Term Bias: Bullish continuation remains likely, with potential for breakout above $3,245 toward $3,265–3,270.
Short-Term Risk: A breakdown below $3,175 could trigger a deeper retracement to $3,150 or even $3,120.
🎯 Trade Strategies
🟢 Buy on Dip (Primary View)
Entry Zone: $3,185–3,175
Stop Loss: Below $3,165
Targets: $3,220 / $3,245 / $3,265–3,270 (on breakout)
🔴 Tactical Short (Countertrend Idea)
Entry Zone: $3,235–3,245
Stop Loss: Above $3,252
Targets: $3,210 / $3,185
✅ Summary: Maintain a buy-on-dip approach, with tactical short positions at resistance levels. A confirmed breakout above $3,245 warrants bullish continuation trades.
Trade active
🎯 Entry: Sell at $3,230🛡️ Stop Loss: Above $3,240
🎯 Target Zone: $3,190 – $3,180
📌 Rationale:
Gold is showing signs of resistance around the $3,230 level, a prior high and congestion zone. Failure to break above $3,240 could lead to a short-term pullback, offering a tactical short opportunity.
Market trading is not only as sharp as a falcon, but also as delicate as a painting!
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
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.
Market trading is not only as sharp as a falcon, but also as delicate as a painting!
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
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.