Summary:
Gold is currently in a range-bound phase between 3006 and 3036. Both bullish and bearish momentum appear limited for now. As long as the price remains within this zone, the strategy is to buy near support and sell near resistance. If 3037 is broken to the upside, bullish momentum may strengthen and warrant re-evaluation.
Key Levels to Watch:
3057: ATH resistance
3036: Key intraday resistance
3026: Short-term resistance
3015: Support
3005: Important intraday support
2994: Bearish target zone
Short-Term Trading Strategy:
For Shorts: Enter a SELL position if the price breaks below 3021. Watch 3018 for initial support; if the decline continues, monitor 3015, 3011, and 3008.
For Longs: Enter a BUY position if the price stabilizes above 3027. Watch 3029 for confirmation; if bullish momentum continues, monitor 3031, 3034, and 3038.
👉 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 phase between 3006 and 3036. Both bullish and bearish momentum appear limited for now. As long as the price remains within this zone, the strategy is to buy near support and sell near resistance. If 3037 is broken to the upside, bullish momentum may strengthen and warrant re-evaluation.
Key Levels to Watch:
3057: ATH resistance
3036: Key intraday resistance
3026: Short-term resistance
3015: Support
3005: Important intraday support
2994: Bearish target zone
Short-Term Trading Strategy:
For Shorts: Enter a SELL position if the price breaks below 3021. Watch 3018 for initial support; if the decline continues, monitor 3015, 3011, and 3008.
For Longs: Enter a BUY position if the price stabilizes above 3027. Watch 3029 for confirmation; if bullish momentum continues, monitor 3031, 3034, and 3038.
👉 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.