Summary:
Last week, gold continued to post new all-time highs, and the market was highly active. For short-term traders, both long and short setups provided profitable opportunities.
However, it’s important to respect the market and carefully evaluate every trade entry — especially after such a strong bullish run.
The previous high was 3245.5 — shorting near this level offers a favorable risk-reward. If the price breaks above and sets a new high, I’ll wait for a pullback before entering any new long positions.
Key Levels to Watch:
3250–3255: Bullish target zone
3246: ATH resistance
3234: Bullish/Bearish pivot line
3228: Support
3218: Key intraday support
3210: Final bullish defense
3088: Major historical support
Short-Term (15m) Strategy:
👉 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.
Last week, gold continued to post new all-time highs, and the market was highly active. For short-term traders, both long and short setups provided profitable opportunities.
However, it’s important to respect the market and carefully evaluate every trade entry — especially after such a strong bullish run.
The previous high was 3245.5 — shorting near this level offers a favorable risk-reward. If the price breaks above and sets a new high, I’ll wait for a pullback before entering any new long positions.
Key Levels to Watch:
3250–3255: Bullish target zone
3246: ATH resistance
3234: Bullish/Bearish pivot line
3228: Support
3218: Key intraday support
3210: Final bullish defense
3088: Major historical support
Short-Term (15m) Strategy:
- For Shorts: Enter a SELL if the price breaks below 3237. Watch 3234 first; if the decline continues, monitor 3230, 3228, and 3224.
- For Longs: Enter a BUY if the price holds above 3246. Watch 3250 for confirmation; if bullish momentum continues, target 3255, 3260, and 3265.
👉 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.