During the Asian session today, gold rose as expected into the 3337–3343 resistance zone. After failing to break through, the price retraced during the European and U.S. sessions, reaching the 3323–3313 support area. A sharp rally followed due to unexpected news, pushing the price into the 3372–3378 resistance zone. Overall, the intraday bullish strategy performed well, yielding solid profits.
After this sharp volatility, price movement has stabilized somewhat. The MA60 support on the daily chart remains intact.
For tomorrow’s trading, key levels to watch are:
🔽 Support: 3343–3337, with secondary support at 3328–3323
🔼 Resistance: 3372–3378
On the 2-hour chart, bullish momentum appears likely to continue as long as price holds above the support zone.
Additionally, upcoming economic data releases and any further developments on the report regarding Trump potentially firing Powell could have a significant impact on market sentiment—these factors should be closely monitored.
In summary, tomorrow’s initial trading focus can remain within the 3337–3358 range, with strategies adjusted as market conditions evolve.
After this sharp volatility, price movement has stabilized somewhat. The MA60 support on the daily chart remains intact.
For tomorrow’s trading, key levels to watch are:
🔽 Support: 3343–3337, with secondary support at 3328–3323
🔼 Resistance: 3372–3378
On the 2-hour chart, bullish momentum appears likely to continue as long as price holds above the support zone.
Additionally, upcoming economic data releases and any further developments on the report regarding Trump potentially firing Powell could have a significant impact on market sentiment—these factors should be closely monitored.
In summary, tomorrow’s initial trading focus can remain within the 3337–3358 range, with strategies adjusted as market conditions evolve.
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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.