Summary:
After Trump’s announcement on tariff details, the market became extremely volatile — swinging nearly 100 points up and down.
From a fundamental perspective, the outlook still supports gold. However, during the U.S. session, gold pulled back sharply to a low of 3054, then surged back up to 3136.
This back-and-forth movement raises doubts about whether bullish momentum is weakening.
Given that today’s Non-Farm Payroll (NFP) data is due, Asian and European sessions may stay range-bound between 3100 and 3136.
The suggested strategy for today: Sell high, buy low, use tight risk control, and wait for NFP to shake things up.
Key Levels to Watch:
3170–3175: Bullish target zone
3168: ATH resistance
3150: Psychological midpoint
3136: Bullish/Bearish pivot line
3100: Round-number support
3088: Support
3076: Key intraday support
3054: Final bullish defense line
Short-Term (15m) Strategy:
👉 If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support!
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
After Trump’s announcement on tariff details, the market became extremely volatile — swinging nearly 100 points up and down.
From a fundamental perspective, the outlook still supports gold. However, during the U.S. session, gold pulled back sharply to a low of 3054, then surged back up to 3136.
This back-and-forth movement raises doubts about whether bullish momentum is weakening.
Given that today’s Non-Farm Payroll (NFP) data is due, Asian and European sessions may stay range-bound between 3100 and 3136.
The suggested strategy for today: Sell high, buy low, use tight risk control, and wait for NFP to shake things up.
Key Levels to Watch:
3170–3175: Bullish target zone
3168: ATH resistance
3150: Psychological midpoint
3136: Bullish/Bearish pivot line
3100: Round-number support
3088: Support
3076: Key intraday support
3054: Final bullish defense line
Short-Term (15m) Strategy:
- For Shorts: Enter a SELL if the price breaks below 3110. Watch 3107 for immediate reaction; if it continues dropping, monitor 3105, 3102, and 3100.
- For Longs: Enter a BUY if the price stabilizes above 3116. Watch 3118 first; if momentum continues, target 3121, 3128, and 3136.
👉 If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support!
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
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.
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.