🔍 Market Overview:
Last Friday, gold prices entered the 3176–3148 buy zone, and after the market opened today, prices rose to 3249, yielding substantial profits.
From a technical perspective, the overall trend is still under the pressure of a double-top pattern. In the short term, price action remains in a range, but the lows are gradually rising. However, indicators are not yet favorable for bulls. In this case, if the bulls want to take control, then the support at 3182–3176 becomes extremely important during any pullback.
🗞️ News Background:
Trump’s tax cut bill has been approved by a key committee in the U.S. House of Representatives.
👉 This week, further progress must be closely monitored as it directly impacts gold's safe-haven demand.
If trade tensions flare up again, gold is likely to rise sharply due to renewed safe-haven demand.
If tensions continue to ease, downward pressure on gold will likely increase.
Also, watch out for any comments on monetary policy — if rate cut expectations increase, gold could face additional downside risk.
📈 Today’s Trading Strategy:
🟢 Buy Zone: 3196 – 3176
🔴 Sell Zone: 3293 – 3318
🔄 Scalp/Flexible Trading Zones:
3188-3209-3236-3252-3269-3282
Last Friday, gold prices entered the 3176–3148 buy zone, and after the market opened today, prices rose to 3249, yielding substantial profits.
From a technical perspective, the overall trend is still under the pressure of a double-top pattern. In the short term, price action remains in a range, but the lows are gradually rising. However, indicators are not yet favorable for bulls. In this case, if the bulls want to take control, then the support at 3182–3176 becomes extremely important during any pullback.
🗞️ News Background:
Trump’s tax cut bill has been approved by a key committee in the U.S. House of Representatives.
👉 This week, further progress must be closely monitored as it directly impacts gold's safe-haven demand.
If trade tensions flare up again, gold is likely to rise sharply due to renewed safe-haven demand.
If tensions continue to ease, downward pressure on gold will likely increase.
Also, watch out for any comments on monetary policy — if rate cut expectations increase, gold could face additional downside risk.
📈 Today’s Trading Strategy:
🟢 Buy Zone: 3196 – 3176
🔴 Sell Zone: 3293 – 3318
🔄 Scalp/Flexible Trading Zones:
3188-3209-3236-3252-3269-3282
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Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
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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.
I’ve created a channel where I’ll be posting market analysis and trading signals.
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
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.