Summary:
Gold is currently in a range-bound market. The recommended strategy is to sell near resistance and buy near support while waiting for a decisive breakout.
⚠️ Be cautious of false breakouts after a range is broken. Always use Stop Losses and manage your entries with discipline.
Key Levels to Watch:
3288: Resistance
3265: Key resistance
3250: Mid-range / half-level
3236: Intraday bull/bear line
3215: Key intraday support
3200: Psychological round number
3175: Support
3155: Support
Short-Term (15m) Trading Strategy:
For Shorts:
Enter a SELL if price breaks below 3223
Watch 3219 first
If the decline continues, monitor 3215, 3206, and 3200
For Longs:
Enter a BUY if price holds above 3228
Watch 3230 first
If bullish momentum builds, target 3233, 3236, and 3240
👉 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.
Gold is currently in a range-bound market. The recommended strategy is to sell near resistance and buy near support while waiting for a decisive breakout.
⚠️ Be cautious of false breakouts after a range is broken. Always use Stop Losses and manage your entries with discipline.
Key Levels to Watch:
3288: Resistance
3265: Key resistance
3250: Mid-range / half-level
3236: Intraday bull/bear line
3215: Key intraday support
3200: Psychological round number
3175: Support
3155: Support
Short-Term (15m) Trading Strategy:
For Shorts:
Enter a SELL if price breaks below 3223
Watch 3219 first
If the decline continues, monitor 3215, 3206, and 3200
For Longs:
Enter a BUY if price holds above 3228
Watch 3230 first
If bullish momentum builds, target 3233, 3236, and 3240
👉 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.