Gold Faces Strong Sell-Off After Initial Bounce – Is a Reversal Looming?
Gold opened the day with a slight uptick, only to be quickly slammed down, reflecting the current weakness in buying power. The market is reacting to news in flashes, quickly reversing direction — slow on the way up, but fast on the way down. This is the perfect reflection of a market losing confidence in any recovery trend.
🧐 Is This a Sign That Gold Is Heading Towards a Strong Reversal Zone?
📌 Support Zones to Monitor:
3222 – 3220: Short-term cushion. If this fails, expect further downward pressure.
3206 (M30): Next level of defense where technical reactions may occur.
⏳ Caution: Early European session tends to show strong volatility. If no clear signs of a bounce, be cautious of sudden sharp drops.
As for the trade negotiations, the developments around tariffs have been much more positive recently. Most news points toward further downside pressure on Gold, and it seems to be staying in the downward price channel. The price zones are not much different from yesterday’s levels, so I’ll slightly adjust my entries for today.
Watch the Resistance Levels: They are key for shorting opportunities. The BUY setup still seems far off; it’s hard to pick a good entry with resistance zones appearing everywhere right now. Don't rush into BUY positions just yet!
📊 Key Resistance Levels:
3244 – 3262 – 3278 – 3290 – 3308 – 3330
📊 Key Support Levels:
3216 – 3206 – 3194 – 3170 – 3158
🎯 Scalping BUY Zones:
BUY SCALP: 3196 – 3194
SL: 3190
TP: 3200 – 3204 – 3208 – 3212 – 3216 – 3220
BUY ZONE: 3158 – 3156
SL: 3152
TP: 3162 – 3166 – 3170 – 3174 – 3178 – 3182 – 3190
🎯 Scalping SELL Zones:
SELL SCALP: 3257 – 3259
SL: 3263
TP: 3253 – 3250 – 3246 – 3242 – 3238 – 3235 – 3230 – 3220
SELL ZONE: 3278 – 3280
SL: 3284
TP: 3274 – 3270 – 3266 – 3262 – 3258 – 3254 – 3250 – 3240 – 3230
🔎 Key Insights:
The market is moving in a tight range, but gold continues to hold below significant resistance. As the geopolitical situation stabilizes and tariff talks improve, any sudden price reversals will be important to monitor. The FOMC meeting and global developments will play key roles in shaping the future trend for gold.
💡 Conclusion:
Gold is facing a strong sell-off after testing key resistance. Focus on shorting at key resistance zones and be cautious with any buys until a clearer upward trend forms. Stay disciplined, watch the support levels carefully, and manage your trades well!
Gold opened the day with a slight uptick, only to be quickly slammed down, reflecting the current weakness in buying power. The market is reacting to news in flashes, quickly reversing direction — slow on the way up, but fast on the way down. This is the perfect reflection of a market losing confidence in any recovery trend.
🧐 Is This a Sign That Gold Is Heading Towards a Strong Reversal Zone?
📌 Support Zones to Monitor:
3222 – 3220: Short-term cushion. If this fails, expect further downward pressure.
3206 (M30): Next level of defense where technical reactions may occur.
⏳ Caution: Early European session tends to show strong volatility. If no clear signs of a bounce, be cautious of sudden sharp drops.
As for the trade negotiations, the developments around tariffs have been much more positive recently. Most news points toward further downside pressure on Gold, and it seems to be staying in the downward price channel. The price zones are not much different from yesterday’s levels, so I’ll slightly adjust my entries for today.
Watch the Resistance Levels: They are key for shorting opportunities. The BUY setup still seems far off; it’s hard to pick a good entry with resistance zones appearing everywhere right now. Don't rush into BUY positions just yet!
📊 Key Resistance Levels:
3244 – 3262 – 3278 – 3290 – 3308 – 3330
📊 Key Support Levels:
3216 – 3206 – 3194 – 3170 – 3158
🎯 Scalping BUY Zones:
BUY SCALP: 3196 – 3194
SL: 3190
TP: 3200 – 3204 – 3208 – 3212 – 3216 – 3220
BUY ZONE: 3158 – 3156
SL: 3152
TP: 3162 – 3166 – 3170 – 3174 – 3178 – 3182 – 3190
🎯 Scalping SELL Zones:
SELL SCALP: 3257 – 3259
SL: 3263
TP: 3253 – 3250 – 3246 – 3242 – 3238 – 3235 – 3230 – 3220
SELL ZONE: 3278 – 3280
SL: 3284
TP: 3274 – 3270 – 3266 – 3262 – 3258 – 3254 – 3250 – 3240 – 3230
🔎 Key Insights:
The market is moving in a tight range, but gold continues to hold below significant resistance. As the geopolitical situation stabilizes and tariff talks improve, any sudden price reversals will be important to monitor. The FOMC meeting and global developments will play key roles in shaping the future trend for gold.
💡 Conclusion:
Gold is facing a strong sell-off after testing key resistance. Focus on shorting at key resistance zones and be cautious with any buys until a clearer upward trend forms. Stay disciplined, watch the support levels carefully, and manage your trades well!
Trade active
🟡 GOLD UPDATE – BEARS TAKE CONTROL, NEXT KEY SUPPORT AT 315x?Gold is currently experiencing a sharp drop, breaking and closing below the critical support zone at 3296 – 3294, exactly as outlined in today’s plan. As previously mentioned, a strong breakdown here opens the door to a much deeper move — potentially toward the 3158 – 3156 zone.
With the current steep downward channel, this is not the time to look for early BUY entries. The bearish pressure remains intense, and there are no clear pullbacks yet for safe SELL re-entries. For now, it’s best to stay patient and observe.
🔍 Scalp Strategy Suggestion (Lower Timeframes M1–M5):
Watch for short-term resistance zones around 3185 – 3195 — possible areas for quick intraday SELL setups if price rejects from there.
📌 Key Support Zone to Watch:
3168 – 3157: This is a high-probability BUY ZONE, but only if we see strong bullish reaction or exhaustion from sellers.
⚠️ If price fails to hold above the 315x Key Level, the sell-off could accelerate quickly, and we may see Gold revisit the 31xx region in the near future.
🚫 Reminder: In fast-falling markets, do not FOMO. Wait for structured setups, and protect your capital with disciplined SL/TP management.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
Related publications
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.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
Related publications
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.