Gold Price Volatility: Will the Market Continue to Sink or Rebound?
💥 Market Outlook:
Today’s market is seeing unpredictable movements, with gold making significant drops and then rebounding sharply in the last two days. Are the recent news developments aligning with the price action, or is it just a major coincidence?
🔍 Technical Analysis:
Looking at the D1 and H4 charts, you can clearly see the breakdown, but gold quickly bounced back to the 325x area and reacted. The 3254–3256 zone is a key level that holds strong for sellers on both daily and H4 candles. If gold continues to hold below this level, the bearish trend remains strong, and another sharp drop could happen before the weekend.
If the 3254–3256 level is broken, the price may push toward the 327x, possibly even the 328x levels. However, this will be dependent on whether this critical support is maintained.
Trend Continuation or Reversal?
From a technical perspective, gold is still in a downtrend, and the current bounce is likely just a retracement before continuing lower. However, in terms of macro news, the USD is continuously dealing with bad inflation data, affecting the recovery of DXY (USD). The market is very sensitive to trap candles, and there may be false breakouts, so proceed cautiously.
There are also some news reports indicating that the US and China have reached a minor détente, but tensions remain around trade restrictions, imports, exports, and the use of rare earth minerals. Things are unpredictable with these two powers. Today, there are updates on tariffs, so keep an eye out!
📊 Key Resistance Levels:
3237
3251
3261
3276
3287
📉 Key Support Levels:
3205
3188
3170
3143
🎯 Trading Plan:
🔵 BUY SCALP:
Entry: 3172 – 3170
SL: 3166
TP: 3176 → 3180 → 3184 → 3188 → 3192 → 3196 → 3200
🔵 BUY ZONE:
Entry: 3142 – 3140
SL: 3136
TP: 3146 → 3150 → 3154 → 3158 → 3162 → 3170 → 3180 → 3190
🔴 SELL SCALP:
Entry: 3160 – 3162
SL: 3166
TP: 3156 → 3152 → 3148 → 3144 → 3140 → 3130 → 3120
🔴 SELL ZONE:
Entry: 3276 – 3278
SL: 3282
TP: 3272 → 3268 → 3264 → 3260 → 3255 → 3250 → 3240
⚠️ Risk Management:
With strong volatility today, manage your risk carefully. It’s essential to adhere to your TP/SL to protect your account. Stay cautious, as there is a lot of unpredictability in the market with the upcoming news.
Conclusion:
Given the unpredictability of the market and geopolitical tensions, it’s wise to trade with caution today. Watch the critical support and resistance levels closely and stay flexible, adapting your strategy based on how the market evolves.
📣 Stay tuned for more updates and trade smart!
💥 Market Outlook:
Today’s market is seeing unpredictable movements, with gold making significant drops and then rebounding sharply in the last two days. Are the recent news developments aligning with the price action, or is it just a major coincidence?
🔍 Technical Analysis:
Looking at the D1 and H4 charts, you can clearly see the breakdown, but gold quickly bounced back to the 325x area and reacted. The 3254–3256 zone is a key level that holds strong for sellers on both daily and H4 candles. If gold continues to hold below this level, the bearish trend remains strong, and another sharp drop could happen before the weekend.
If the 3254–3256 level is broken, the price may push toward the 327x, possibly even the 328x levels. However, this will be dependent on whether this critical support is maintained.
Trend Continuation or Reversal?
From a technical perspective, gold is still in a downtrend, and the current bounce is likely just a retracement before continuing lower. However, in terms of macro news, the USD is continuously dealing with bad inflation data, affecting the recovery of DXY (USD). The market is very sensitive to trap candles, and there may be false breakouts, so proceed cautiously.
There are also some news reports indicating that the US and China have reached a minor détente, but tensions remain around trade restrictions, imports, exports, and the use of rare earth minerals. Things are unpredictable with these two powers. Today, there are updates on tariffs, so keep an eye out!
📊 Key Resistance Levels:
3237
3251
3261
3276
3287
📉 Key Support Levels:
3205
3188
3170
3143
🎯 Trading Plan:
🔵 BUY SCALP:
Entry: 3172 – 3170
SL: 3166
TP: 3176 → 3180 → 3184 → 3188 → 3192 → 3196 → 3200
🔵 BUY ZONE:
Entry: 3142 – 3140
SL: 3136
TP: 3146 → 3150 → 3154 → 3158 → 3162 → 3170 → 3180 → 3190
🔴 SELL SCALP:
Entry: 3160 – 3162
SL: 3166
TP: 3156 → 3152 → 3148 → 3144 → 3140 → 3130 → 3120
🔴 SELL ZONE:
Entry: 3276 – 3278
SL: 3282
TP: 3272 → 3268 → 3264 → 3260 → 3255 → 3250 → 3240
⚠️ Risk Management:
With strong volatility today, manage your risk carefully. It’s essential to adhere to your TP/SL to protect your account. Stay cautious, as there is a lot of unpredictability in the market with the upcoming news.
Conclusion:
Given the unpredictability of the market and geopolitical tensions, it’s wise to trade with caution today. Watch the critical support and resistance levels closely and stay flexible, adapting your strategy based on how the market evolves.
📣 Stay tuned for more updates and trade smart!
Trade active
🔥 90 Pips Profit in a Challenging Friday Market – Here's How We Did It! 🔥📈 Hook: "In a volatile Friday market, we managed to capture 90 pips with a solid BUY scalp — Here's the strategy that made it happen!"
📌 Key Point 1: Identifying the Perfect BUY Zone
After analyzing the market's fluctuations, we pinpointed a key level around 3170-3172 for our BUY entry. Despite the market's unpredictability, we knew that if this level held, we could see a strong recovery.
📌 Key Point 2: The Power of Key Levels
Understanding market structure and key levels is crucial. We consistently monitored the 3205 support and used it as our reference point for entry. With the market's fast movements, these levels gave us the confidence to stay in the trade and profit from the bounce.
📌 Key Point 3: Managing Risk with Precision
The market can be brutal on Fridays, but with well-planned SL and TP levels, we managed risk effectively. Our strategy was to stay disciplined, with a tight stop-loss at 3166 and a target of 3180+, which helped lock in profits when the market moved in our favor.
✅ Conclusion:
Even with the market's ups and downs, sticking to our key levels and keeping risk management tight delivered a 90-pip win! Remember, discipline and patience lead to profits – let's keep grinding. 📊💪
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
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.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
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.