📌 Gold Daily Outlook – Short-Term Pullback Before Trend Continuation? 💡📉
📊 Technical Overview
Gold (XAU/USD) is currently testing a key resistance zone around 3412 – 3414, where we could see short-term selling pressure emerge after recent bullish momentum. Following a strong rally, the market may be preparing for a healthy retracement to collect liquidity before resuming the trend.
The chart shows signs of a potential intraday distribution pattern forming near highs, especially as price struggles to break above resistance during the early Asian session. Today’s outlook leans toward a short-term dip into support zones before buyers potentially step back in.
🔴 SELL ZONE (Short-term Reversal Opportunity)
Entry: 3412 – 3414
Stop Loss: 3420
Take Profit: 3409 → 3400 → 3390 → 3380 → 3370
This is a high-probability reversal zone. If price prints bearish confirmation (e.g., pin bar or engulfing candle), short entries may offer favourable risk-reward setups.
🟢 BUY ZONE 1 – Minor Pullback Area
Entry: 3355 – 3353
Stop Loss: 3348
Take Profit: 3358 → 3370 → 3380 → 3390 → 3400
Ideal for quick buy setups if price reacts cleanly to this mid-structure level.
🟢 BUY ZONE 2 – Deeper Support for Trend Re-entry
Entry: 3335 – 3333
Stop Loss: 3328
Take Profit: 3338 → 3350 → 3360 → 3370 → 3380
If a deeper pullback occurs, this zone may act as a key demand area and offer clean trend continuation opportunities.
🌍 Fundamental Insight
No major economic events are scheduled today, so market direction will likely follow technical structure.
USD is showing mild intraday strength, adding some pressure on gold in the short term.
Overall sentiment still supports gold as a safe-haven, but short-term profit-taking near highs is expected after recent aggressive buying.
⚠️ Strategy Notes
Focus on trading within defined structure: Sell from resistance with confirmation; buy dips at clean support zones.
Avoid FOMO entries – let the market give you confirmation.
Always use clear TP/SL levels – especially in a sensitive market environment like this.
💬 How are you approaching gold today? Looking to fade highs or waiting for dip-buy setups? Drop your thoughts below! 👇👇👇
📊 Technical Overview
Gold (XAU/USD) is currently testing a key resistance zone around 3412 – 3414, where we could see short-term selling pressure emerge after recent bullish momentum. Following a strong rally, the market may be preparing for a healthy retracement to collect liquidity before resuming the trend.
The chart shows signs of a potential intraday distribution pattern forming near highs, especially as price struggles to break above resistance during the early Asian session. Today’s outlook leans toward a short-term dip into support zones before buyers potentially step back in.
🔴 SELL ZONE (Short-term Reversal Opportunity)
Entry: 3412 – 3414
Stop Loss: 3420
Take Profit: 3409 → 3400 → 3390 → 3380 → 3370
This is a high-probability reversal zone. If price prints bearish confirmation (e.g., pin bar or engulfing candle), short entries may offer favourable risk-reward setups.
🟢 BUY ZONE 1 – Minor Pullback Area
Entry: 3355 – 3353
Stop Loss: 3348
Take Profit: 3358 → 3370 → 3380 → 3390 → 3400
Ideal for quick buy setups if price reacts cleanly to this mid-structure level.
🟢 BUY ZONE 2 – Deeper Support for Trend Re-entry
Entry: 3335 – 3333
Stop Loss: 3328
Take Profit: 3338 → 3350 → 3360 → 3370 → 3380
If a deeper pullback occurs, this zone may act as a key demand area and offer clean trend continuation opportunities.
🌍 Fundamental Insight
No major economic events are scheduled today, so market direction will likely follow technical structure.
USD is showing mild intraday strength, adding some pressure on gold in the short term.
Overall sentiment still supports gold as a safe-haven, but short-term profit-taking near highs is expected after recent aggressive buying.
⚠️ Strategy Notes
Focus on trading within defined structure: Sell from resistance with confirmation; buy dips at clean support zones.
Avoid FOMO entries – let the market give you confirmation.
Always use clear TP/SL levels – especially in a sensitive market environment like this.
💬 How are you approaching gold today? Looking to fade highs or waiting for dip-buy setups? Drop your thoughts below! 👇👇👇
⚜️ 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
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
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.