Gold is rebounding after a sharp sell-off, finding strong demand near the $3,240–$3,250 zone, which aligns with historical volume support. This aligns well with GODO’s Smart Hedging (Trap & Cover) strategy — where delayed hedges are triggered in zones of likely reversal.
🔍 Technical Snapshot
Current Price: $3,260.50
Support Zone: $3,240–$3,250
Resistance Target: $3,313
Risk: $3,241 stop level (VPOC defense)
Reward: ~$3,313 (previous structure + Fib retrace)
R:R Ratio: 2.89
🔍 Technical Snapshot
Current Price: $3,260.50
Support Zone: $3,240–$3,250
Resistance Target: $3,313
Risk: $3,241 stop level (VPOC defense)
Reward: ~$3,313 (previous structure + Fib retrace)
R:R Ratio: 2.89
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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.
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.