Yesterday was an insane day for Gold—while I expected a strong drop to at least 3,080, I didn’t anticipate such a sharp reversal after the sell-off.
Now, the big question is: Has Gold finished correcting, or is more downside coming?
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Why I Expect Another Wave of Selling
📉 Gold Still Looks Vulnerable – Despite the rebound, I don’t believe the correction is over.
📉 Key Resistance Established – The 3,135–3,140 zone has now formed a strong ceiling, limiting upside potential.
📉 Selling Rallies Remains the Plan – Even with yesterday’s bounce back above 3,100, my outlook remains unchanged.
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Trading Plan: Selling Spikes During NFP
🔻 Looking for price spikes during the NFP report as opportunities to sell into strength.
🔻 Targeting a new leg down toward the 3,030 support zone.
The correction is likely not done yet—let’s see if the market confirms it. 🚀
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Now, the big question is: Has Gold finished correcting, or is more downside coming?
________________________________________
Why I Expect Another Wave of Selling
📉 Gold Still Looks Vulnerable – Despite the rebound, I don’t believe the correction is over.
📉 Key Resistance Established – The 3,135–3,140 zone has now formed a strong ceiling, limiting upside potential.
📉 Selling Rallies Remains the Plan – Even with yesterday’s bounce back above 3,100, my outlook remains unchanged.
________________________________________
Trading Plan: Selling Spikes During NFP
🔻 Looking for price spikes during the NFP report as opportunities to sell into strength.
🔻 Targeting a new leg down toward the 3,030 support zone.
The correction is likely not done yet—let’s see if the market confirms it. 🚀
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Trade active
Reversed perfectly from my ceiling zone, now being 250 pips underTrade closed: target reached
3030 target hit1000 pips drop from sell zone
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
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t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.