Gold opened with a mild bullish tone yesterday but faced resistance near 3018, pulling back briefly before attempting a second push toward 3023. However, the rally failed to sustain, and price returned near the opening level. Compared to recent sessions, yesterday marked a clear contraction in volatility, suggesting either a bottoming formation or a setup for a directional breakout.
From both candlestick structure and indicator alignment, the market appears primed for a potential bullish push today. If momentum builds as expected, a test of the 3037–3043 resistance zone is highly probable.
On the downside, 2976 remains the key initial support, followed by 2952, which was the previous local low.
On the fundamental side, no major data releases are scheduled today. However, updates related to tariff policies will likely be the main market driver, and could trigger intraday volatility.
🎯【Trade Setup for Today】
🔻Sell Zone: 3047–3066
🔺Buy Zone: 2968–2942
🔄Flexible/Scalping Zone: 2978–3023
Note
⚠️ Additionally, several key events during the U.S. session today demand close attention:📌 The 10-year U.S. Treasury auction and its awarded yield
📌 The release of the March FOMC meeting minutes
📌 Remarks from Fed official Thomas Barkin
These developments could have a major impact on gold prices, especially given the market’s current high volatility.
📣 Please be extra cautious in your trades — manage your position size wisely, set your stop-losses, and avoid chasing the market aggressively!
Trade active
Gold has surged into the 3047–3066 sell zone, as anticipated.Short positions from this area are now in profit.
🔍 Watch closely for support at 3037–3028 during the pullback.
This zone could provide a short-term rebound or pause in selling momentum.
📌 Suggestions:
If you're holding shorts, consider partial profit-taking or hold with caution.
If you missed the entry, avoid chasing — wait for a confirmed pullback setup.
Note
Gold is now approaching the 3100 level, where resistance is expected, but the overall trend still favors the bulls.The recommended strategy is buy low, sell high within the range:
🟢 3058–3044 zone: Consider building long positions
🔴 3088–3109 zone: Short-term resistance, suitable for light short positions – quick in and out
⚠️ Manage your positions carefully, avoid chasing spikes or panic-selling. Market is volatile – stay flexible.
Note
Gold has entered the key resistance zone at 3088–3109, which we’ve been monitoring for potential short opportunities.Currently, sell positions are showing profits, and we continue to hold with a short-term target around 3058.
Note
⏰ In just 30 minutes, Barkin will deliver a key speech that may trigger short-term volatility across markets, especially in gold and oil which are currently at critical levels.✅ If your positions are already in profit, consider closing some or all of them to avoid unnecessary risk.
📉 It's often wiser to wait until after such events before re-entering based on clearer technical signals.
Trade closed: target reached
📉 Gold has hit the 3058 target level and continues to decline.❗Warning: Sharp drops are often followed by strong rebounds. Now is not the time to blindly chase shorts.
✅ If you’ve followed our short setup, now’s the time to consider securing profits or adjusting stops.
Note
Due to recent news events, the commodity market is experiencing intense volatility. In such conditions, it’s essential to stay calm and rational. Avoid blindly following the market, especially if you’re new to trading—it’s easy to get caught in emotional decision-making. Instead, take some time to review today’s trades and learn from the experience.We had several successful trades today, capturing key entry points and locking in solid profits. Tomorrow, after the market opens (April 10), I’ll be releasing new trading strategies.
If you’d like to follow along or need guidance, feel free to stay tuned. And as always, if you have any questions, don’t hesitate to reach out.
Good luck, and good night!
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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.