Today, gold was capped below the 3248 resistance, so the anticipated test of the 3273–3291 zone didn’t materialize.
However, by adapting to market conditions, we secured solid profits from the following trades:
✴️ Short above 3240
✴️ Buy near 3220
✴️ Second-entry shorts around 3230–3240
Currently, gold is consolidating around 3233. Based on the 30-minute chart:
MA20 resistance: around 3236
MA60 support: around 3218
📌 Key Setup: Two Gaps in Focus
Upside gap near 3266
Downside gap near 3206
Both gaps remain unfilled, and either direction could trigger a strong move. With proper trade management, even if initial bias is incorrect, recovery and profit are achievable.
📈 Trading Strategy:
Focus on reaction zones near the gaps. Wait for confirmation before entry, and pay attention to breakout strength and volume.
However, by adapting to market conditions, we secured solid profits from the following trades:
✴️ Short above 3240
✴️ Buy near 3220
✴️ Second-entry shorts around 3230–3240
Currently, gold is consolidating around 3233. Based on the 30-minute chart:
MA20 resistance: around 3236
MA60 support: around 3218
📌 Key Setup: Two Gaps in Focus
Upside gap near 3266
Downside gap near 3206
Both gaps remain unfilled, and either direction could trigger a strong move. With proper trade management, even if initial bias is incorrect, recovery and profit are achievable.
📈 Trading Strategy:
Focus on reaction zones near the gaps. Wait for confirmation before entry, and pay attention to breakout strength and volume.
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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.
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.