EPISODE 2 – Gold in the Eye of the Storm
by the Disruptor — Mohsen Mozafari Nezhad
The calm you saw today? It’s the kind of calm that keeps traders awake at night.
As the Asian session kicks in, gold is walking a tightrope between support zones around $3360 and strong resistance near $3430. But here’s the kicker: volatility didn’t disappear—it just compressed. Today’s narrow range was a coil, not a cooldown.
Geopolitical whispers are turning into shouts—India-Pakistan tensions are stirring again, while China and the US play nice on the surface but sharpen edges underneath. Meanwhile, the Fed’s latest notes hint at internal division—are we near peak rates or just before a surprise hike?
Technically, we’re hugging the VWAP like a lifeline. But with tightening tolerance and fading volume, a breakout—most likely downward—looks imminent.
Support: 3360 – 3320
Resistance: 3430 – 3470
Watch for a spike in momentum if $3360 breaks. Bulls need a clear reclaim of $3430 to regain control. Anything in between? It’s a battlefield.
by the Disruptor — Mohsen Mozafari Nezhad
The calm you saw today? It’s the kind of calm that keeps traders awake at night.
As the Asian session kicks in, gold is walking a tightrope between support zones around $3360 and strong resistance near $3430. But here’s the kicker: volatility didn’t disappear—it just compressed. Today’s narrow range was a coil, not a cooldown.
Geopolitical whispers are turning into shouts—India-Pakistan tensions are stirring again, while China and the US play nice on the surface but sharpen edges underneath. Meanwhile, the Fed’s latest notes hint at internal division—are we near peak rates or just before a surprise hike?
Technically, we’re hugging the VWAP like a lifeline. But with tightening tolerance and fading volume, a breakout—most likely downward—looks imminent.
Support: 3360 – 3320
Resistance: 3430 – 3470
Watch for a spike in momentum if $3360 breaks. Bulls need a clear reclaim of $3430 to regain control. Anything in between? It’s a battlefield.
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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.