Good morning everyone!
Gold opened lower and extended losses today, influenced by easing China–U.S. trade tensions and ceasefire news from India-Pakistan.
The recent rally was largely driven by safe-haven demand amid geopolitical concerns. As tensions ease, gold's retracement is a logical market reaction.
🔍 Technical Outlook:
Gold has now returned to a previous consolidation zone. While some support exists, current candlestick structure and most indicators show no clear bullish reversal yet.
Entering long positions too early may pose short-term risks, so trend trades should wait for stronger confirmation.
For flexible intraday trading, watch:
Support at 3263–3246: Holding this zone could trigger a rebound back toward 3309 resistance.
📌 Trading Recommendations:
✅ Sell Zone: 3306 – 3321
✅ Buy Zone: 3218 – 3198
🔁 Range for Scalp/Short-Term Trades: 3294 – 3263 / 3238 – 3269
Gold opened lower and extended losses today, influenced by easing China–U.S. trade tensions and ceasefire news from India-Pakistan.
The recent rally was largely driven by safe-haven demand amid geopolitical concerns. As tensions ease, gold's retracement is a logical market reaction.
🔍 Technical Outlook:
Gold has now returned to a previous consolidation zone. While some support exists, current candlestick structure and most indicators show no clear bullish reversal yet.
Entering long positions too early may pose short-term risks, so trend trades should wait for stronger confirmation.
For flexible intraday trading, watch:
Support at 3263–3246: Holding this zone could trigger a rebound back toward 3309 resistance.
📌 Trading Recommendations:
✅ Sell Zone: 3306 – 3321
✅ Buy Zone: 3218 – 3198
🔁 Range for Scalp/Short-Term Trades: 3294 – 3263 / 3238 – 3269
Trade active
✅ Buy orders from the 3218–3198 support zone have yielded strong profits today.As of now, price is testing the 3246–3263 resistance zone, but has not yet broken through decisively.
Structurally, there is still room for upside, but the path could be bumpy. A retest of the 3223 level is possible before any significant rally continues.
🎯 Two Strategy Options:
Conservative Approach:
🔒 Take partial profits and hold the rest to observe the next move.
Aggressive Approach:
💰 Close all positions now and wait for a dip back to 3223–3218 to re-enter.
⚠️ Risk: if the price surges directly, profits may be missed.
Trade closed: target reached
Good day! Gold rose today and this transaction made a profit successfully.
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
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.
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
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.