Good afternoon, everyone!
In yesterday’s trading, our buy-side positions performed well, but unfortunately, sell orders around 3280 weren't closed in time, resulting in a partial loss of profit.
Today, gold has shown impressive strength, breaking above the 3300 level and forming an irregular inverse head-and-shoulders pattern. Technically, this implies further upside potential.
🔍 Based on price action and technical patterns, this rally could extend beyond 3330, and even test 3350+. However, the 3346–3369 zone marks a strong resistance band, making it an ideal zone for medium-term selling opportunities.
📉 On the downside, we identify the first major support at 3278, followed by the 3261–3246 zone.
📰 On the news front, several Fed officials expressed economic concerns in speeches early this morning. Meanwhile, reports of Israel preparing to strike Iran’s nuclear facilities fueled safe-haven demand, pushing gold strongly back above the 3300 mark.
📌 Today's Trading Strategy:
Sell between 3346–3373 (consider scaling in)
Buy between 3260–3243
Flexible trading in the zones: 3338 - 3326 - 3318 -3309 -3298 - 3288 - 3272
Lastly, a heartfelt thought:
Living in a peaceful country like China, it's truly heartbreaking to see so many innocent children suffering or even losing their lives due to war. Let us hope for peace soon—so all people may live safely, freely, and happily.
In yesterday’s trading, our buy-side positions performed well, but unfortunately, sell orders around 3280 weren't closed in time, resulting in a partial loss of profit.
Today, gold has shown impressive strength, breaking above the 3300 level and forming an irregular inverse head-and-shoulders pattern. Technically, this implies further upside potential.
🔍 Based on price action and technical patterns, this rally could extend beyond 3330, and even test 3350+. However, the 3346–3369 zone marks a strong resistance band, making it an ideal zone for medium-term selling opportunities.
📉 On the downside, we identify the first major support at 3278, followed by the 3261–3246 zone.
📰 On the news front, several Fed officials expressed economic concerns in speeches early this morning. Meanwhile, reports of Israel preparing to strike Iran’s nuclear facilities fueled safe-haven demand, pushing gold strongly back above the 3300 mark.
📌 Today's Trading Strategy:
Sell between 3346–3373 (consider scaling in)
Buy between 3260–3243
Flexible trading in the zones: 3338 - 3326 - 3318 -3309 -3298 - 3288 - 3272
Lastly, a heartfelt thought:
Living in a peaceful country like China, it's truly heartbreaking to see so many innocent children suffering or even losing their lives due to war. Let us hope for peace soon—so all people may live safely, freely, and happily.
Trade active
Gold has just experienced a sharp drop, and our short positions have yielded decent profits.As long as the price remains below 3238, we will continue to focus on range-bound trading strategies—selling high and buying low within the range.
However, if 3238 is decisively broken, we will shift our bias to sell-side strategies, and wait for indicators to reset tomorrow before updating the next trade plan.
💬 If you have any questions during your trading, feel free to leave a message—I'll respond promptly when I see it.
🙏 Thank you all for your continued support and trust.
Wishing everyone success in trading and peace in life!
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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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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.