Gold Spot / U.S. Dollar
Short
Updated

4/29 Gold Trading Signals

144
The buy orders initiated around 3273 yesterday have already delivered solid profits.

After a slight rally at today’s opening, gold prices have pulled back.

Currently, the candlestick formation shows no clear directional trend, while some short-term technical indicators are pointing downward.

Before any corrective signals appear, we need to closely watch the support near 3306.
As long as this level holds, the short-term bullish momentum still has a chance to continue.


On the news side, today's scheduled data releases are of minor impact.

Focus instead on developments regarding the India-Pakistan situation and US Treasury Secretary Bessent’s press conference.

If geopolitical tensions escalate, gold may break out to new highs.


🔹 Today's Trading Strategy:

Sell within 3407-3428 zone

Buy within 3258-3223 zone

Flexibly trade between 3346-3313 / 3378-3336 / 3273-3316 zones

Please manage your positions carefully and stay alert for unexpected market moves.

Trade active
As of now, gold remains within the dynamic trading range we’ve outlined.
Technically, the market is showing clear bullish signals, and sentiment is currently favoring the upside.
Short-term buy positions can be considered, but risk management is key.

⚠️ Be aware:
There is notable resistance near 3353.
Watch price action carefully around this level — a failure to break may trigger a pullback,
while a strong breakout could open the door for further gains.

🔹 Current Strategy:

Consider light long positions

Use tight stops to manage risk

Watch the 3353 resistance zone closely

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