Last Friday, gold showed a strong unidirectional rally followed by tight-range consolidation at high levels. Our bearish-biased strategy yielded limited profits, and some traders may still be holding trapped positions due to delayed exits. However, structurally, gold’s current posture signals early signs of exhaustion, and a pullback remains likely.
🔥【Key Headlines to Watch】
🇺🇸 The U.S. has suspended tariffs on popular consumer electronics, causing gold to gap down by $30 at today’s open.
🛠️ Trump is expected to unveil details on semiconductor tariffs — a reduction or pause will likely pressure gold lower.
💬 Two Fed officials speak today:
Barkin: Speech on “Navigating Through Economic Fog”
Cook: Remarks on the Fed’s evolving role in the economy.
📊 The NY Fed 1-Year Inflation Expectations report will be released — market expectations are bearish for gold.
🔍【Technical Outlook】
Gold remains near historic highs, trading at an extended premium;
The recent rally has been largely driven by speculative inflows, not solid demand;
If sentiment flips or profit-taking begins, a sharp sell-off could follow;
Structurally, gold appears to be forming a top — favor short setups at elevated levels.
🎯【Trade Setup for Today】
🔻Sell Zone: 3230 – 3250
Look to short near resistance on failed breakouts
🔺Buy Zone: 3128 – 3104
Consider long entries only on healthy pullbacks to strong support
🔄Range Zones:
3220 – 3195
3158 – 3206
Tactical range trading — adapt to intraday momentum shifts
🔥【Key Headlines to Watch】
🇺🇸 The U.S. has suspended tariffs on popular consumer electronics, causing gold to gap down by $30 at today’s open.
🛠️ Trump is expected to unveil details on semiconductor tariffs — a reduction or pause will likely pressure gold lower.
💬 Two Fed officials speak today:
Barkin: Speech on “Navigating Through Economic Fog”
Cook: Remarks on the Fed’s evolving role in the economy.
📊 The NY Fed 1-Year Inflation Expectations report will be released — market expectations are bearish for gold.
🔍【Technical Outlook】
Gold remains near historic highs, trading at an extended premium;
The recent rally has been largely driven by speculative inflows, not solid demand;
If sentiment flips or profit-taking begins, a sharp sell-off could follow;
Structurally, gold appears to be forming a top — favor short setups at elevated levels.
🎯【Trade Setup for Today】
🔻Sell Zone: 3230 – 3250
Look to short near resistance on failed breakouts
🔺Buy Zone: 3128 – 3104
Consider long entries only on healthy pullbacks to strong support
🔄Range Zones:
3220 – 3195
3158 – 3206
Tactical range trading — adapt to intraday momentum shifts
Trade active
Gold is currently trading around the 3190–3200 zone, showing signs of strong short-term support. If bulls manage to hold the 3196–3188 range, a rebound is likely toward upper resistance levels.However, a break below 3188 would suggest a potential shift toward a bearish leg, with downside targets near 3160–3137.
✅ Quick Market Summary:
🟢 Support Zone: 3196–3188 – Ideal area for potential long setups if price stabilizes;
🔻 Break Below 3188 = Bearish Shift, likely targeting 3160 and 3137;
🎯 Clear intraday structure allows for precise tactical entries.
📌 Updated Trading Plan (Remains Valid):
🔴 Sell on rallies: 3230–3250
🔁 Scalp/trade actively: 3220–3195
⚠️ If price breaks below 3188, shift bias toward shorts targeting 3160–3137
Pro Tip:
Avoid chasing moves in a choppy range — wait for price to enter key zones before engaging. Stick to a flexible plan with clear bias.
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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.
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.