6/20 Gold Analysis and Trading Signals

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Good evening, everyone!

After gold rallied to around 3388 yesterday, it began to retrace gradually, providing solid returns for our sell-side strategy.

As of now, gold has dipped to a session low near 3339. On the 30-minute chart, the MACD has formed a bullish crossover, and price has broken above the Bollinger mid-band, indicating short-term bullish momentum. The candle structure supports a potential rebound, but strong overhead resistance remains.

Key resistance comes from the 1H MA60 around 3371, and gold still trades within a broader bearish trend on the daily timeframe. While bulls may attempt a recovery, a complete trend reversal remains unlikely unless significant bullish catalysts emerge.

Hence, our strategy continues to favor selling near resistance levels, while cautiously considering long entries near well-defined supports.

📌 Trading Plan (VIP Focus):

✅ Sell Zone: 3370–3383

✅ Buy Zone: 3338–3321

✅ Flexible Trade Range: 3366-3349

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