💡 Bias: Sideways to Bearish
🔍 Technical Outlook:
Gold is currently consolidating within a sideways-to-bearish structure, trading between the 3225 – 3245 resistance zone and the 3185 – 3180 support zone.
📌 Key Zones:
🔺 Resistance: 3225 – 3245 (Liquidity zone / Potential sell area)
🔻 Support: 3185 – 3180 (Liquidity zone / Potential bounce area)
🎯 Target Levels: 3185 → 3180 → 3170 → 3157
📈 Scenarios:
Bearish Scenario 🐻
If price taps into the 3245 liquidity zone and shows rejection (e.g., bearish engulfing, order block, market structure shift), we expect a downward move targeting:
TP1: 3185
TP2: 3180
Extended Targets: 3170 & 3157
Bullish Reversal Scenario 🐂
If price sweeps liquidity below 3185 and forms bullish confirmation (e.g., bullish divergence, strong bullish engulfing, mitigation of OB), we could see a reversal toward 3225+.
📉 Technical Confluences:
EMA dynamic resistance (H1 & H4)
Bearish market structure on H1
RSI below 50 indicating bearish momentum
Potential Fair Value Gap (FVG) near 3240
Order blocks aligned with 3225–3245 and 3180–3185
🧠 Trade Strategy:
Wait for liquidity grab and confirmation at key zones (3245 for shorts / 3185 for longs).
Use proper risk management (1–2% per trade).
Monitor DXY & bond yields for directional clues.
Watch for NY session volatility and USD-related news.
🔔 Set Alerts:
3245 zone (for potential shorts)
3185 zone (for potential longs)
💼 Summary:
Gold remains in a range-bound bearish tone. A liquidity sweep at 3245 could trigger a short setup toward 3180–3157. Alternatively, a liquidity grab at 3185 might initiate a bullish retracement.
📌 Stay patient, trade the reaction – not the expectation.
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.