Last Friday, gold retested the 3260 support zone for the second time. After confirming support, prices began to climb steadily, and our low-entry long positions have already delivered impressive returns.
From a technical perspective, the broader structure still resembles a head-and-shoulders pattern, but recently, a double-bottom pattern has formed around the right shoulder, signaling an intense battle between bulls and bears—mainly influenced by geopolitical tensions.
Here, I would like to propose a bold yet speculative thought:
Could the current turmoil possibly lead to a regime change for Trump, or trigger massive nationwide protests? If such scenarios unfold, it would likely be extremely bullish for gold, potentially pushing prices toward 4000.
On the other hand, if Trump softens his trade policies under pressure, it would be bearish for gold, making a decline toward 2800 highly probable.
Of course, this is purely my personal speculation, and I don't claim deep expertise in international politics.
Focusing back on the technicals:
The 3260 support is critical.
A breakdown could see prices moving toward the 3245–3213 range, or even lower toward around 3190.
Any rebound from there should be carefully watched near the 3260 resistance; failure to break above would suggest a potential further drop toward 3153–3137.
If the double-bottom pattern holds firmly, a return to above 3400 this week is highly likely.
🔥 Today's Trading Plan:
Sell zone: 3407–3418
Buy zone: 3273–3241
Scalping zones: 3288–3323 / 3386–3344
Manage your positions wisely and stay flexible!
From a technical perspective, the broader structure still resembles a head-and-shoulders pattern, but recently, a double-bottom pattern has formed around the right shoulder, signaling an intense battle between bulls and bears—mainly influenced by geopolitical tensions.
Here, I would like to propose a bold yet speculative thought:
Could the current turmoil possibly lead to a regime change for Trump, or trigger massive nationwide protests? If such scenarios unfold, it would likely be extremely bullish for gold, potentially pushing prices toward 4000.
On the other hand, if Trump softens his trade policies under pressure, it would be bearish for gold, making a decline toward 2800 highly probable.
Of course, this is purely my personal speculation, and I don't claim deep expertise in international politics.
Focusing back on the technicals:
The 3260 support is critical.
A breakdown could see prices moving toward the 3245–3213 range, or even lower toward around 3190.
Any rebound from there should be carefully watched near the 3260 resistance; failure to break above would suggest a potential further drop toward 3153–3137.
If the double-bottom pattern holds firmly, a return to above 3400 this week is highly likely.
🔥 Today's Trading Plan:
Sell zone: 3407–3418
Buy zone: 3273–3241
Scalping zones: 3288–3323 / 3386–3344
Manage your positions wisely and stay flexible!
Note
Our buy orders at the 3273 level have successfully moved into profit.Looking at the current price action, gold still has room for further upside.
Recommendations:
Partially take profits to lock in existing gains;
Hold onto a portion of the position to aim for potentially larger profits as the uptrend continues.
Please adjust your position sizes flexibly based on your personal risk tolerance and manage your funds wisely.
Trade active
Please make sure to set protective stop-losses for all open positions,to guard against unexpected market volatility that could trap orders.
The market is currently in a critical phase of strong bull-bear contention.
Capturing profits within controlled risk should remain the top priority.
Kindly adjust your positions accordingly and stay flexible to market changes
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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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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.
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.