Gold opened with a massive gap down today due to growing market panic, plunging below the $3000 psychological level. Although it briefly rebounded to $3030+, selling pressure intensified again, dragging prices back below $3000 and continuing to test lower support levels.
This sharp sell-off wiped out almost two months of previous gains. While the panic is real, it’s important not to be ruled by fear. Lower prices offer entry opportunities for long-term bullish capital. In such moments, we need courage as much as caution.
Rather than following fear blindly, we suggest looking for buy opportunities at lower support zones, with a combination of scalping tactics for short-term trades.
📌 Trading Strategy:
🟢 Buy Zone: $2980 – $2950
🔴 Sell Zone: $3040 – $3060
🔁 Scalping Zone: $3021 – $2996
This sharp sell-off wiped out almost two months of previous gains. While the panic is real, it’s important not to be ruled by fear. Lower prices offer entry opportunities for long-term bullish capital. In such moments, we need courage as much as caution.
Rather than following fear blindly, we suggest looking for buy opportunities at lower support zones, with a combination of scalping tactics for short-term trades.
📌 Trading Strategy:
🟢 Buy Zone: $2980 – $2950
🔴 Sell Zone: $3040 – $3060
🔁 Scalping Zone: $3021 – $2996
Trade active
After a sharp crash, the rise we've been waiting for has finally arrived. The price has now climbed to 3050—an impressive $70 rebound. This is the rhythm of the market.Panic-driven drops often create perfect entry opportunities for outside capital. As long as you can overcome fear and manage your risk effectively, making profits becomes a matter of certainty.
Going forward, the price may continue to rise—but remember: a sharp rebound after a crash is not a time to chase longs. Always stay alert for possible pullbacks. Don’t chase highs after a surge, and don’t short blindly after a plunge!
Note
The 3040-3060 sell range was hit twice today, and the 2980-2950 buy range is about to have a second chanceNote
Gold continues to move lower and is now testing the support zone around 2980–2970. Based on the 15-minute chart, I believe we need at least three confirmation candles to identify a stable bottom area.✅ For conservative traders, it’s best to wait for clear confirmation before entering—look for tighter zones to buy once the price stabilizes.
⚡ For aggressive traders, you may consider gradually entering long positions within the 2980–2950 range, using a scaled-in approach with smaller initial positions and increasing gradually—this helps manage risk effectively.
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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.