Summary:
On the 4H chart, gold remains in a downtrend, but there are signs of stabilization near 3288, suggesting bearish momentum is weakening.
If 3280 is broken, sellers may regain control.
For now, treat 3280–3300 as a range-bound zone, and apply a strategy of selling near resistance and buying near support within this range.
Key Levels to Watch:
• 3350: Midpoint resistance
• 3345: Resistance
• 3315: Key resistance
• 3307: Intraday resistance
• 3300: Psychological level
• 3288: Key support
• 3280: Intraday support
• 3265: Support
Short-Term (15m) Trading Strategy:
1. For Shorts:
Enter a SELL if price breaks below 3293
→ Watch 3288, then 3283, 3280, 3275
2. For Longs:
Enter a BUY if price holds above 3300
→ Watch 3305, then 3310, 3315, 3325
👉 If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — your support means a lot!
Disclaimer: This is my personal opinion and not financial advice. Please trade responsibly and manage your risk.
On the 4H chart, gold remains in a downtrend, but there are signs of stabilization near 3288, suggesting bearish momentum is weakening.
If 3280 is broken, sellers may regain control.
For now, treat 3280–3300 as a range-bound zone, and apply a strategy of selling near resistance and buying near support within this range.
Key Levels to Watch:
• 3350: Midpoint resistance
• 3345: Resistance
• 3315: Key resistance
• 3307: Intraday resistance
• 3300: Psychological level
• 3288: Key support
• 3280: Intraday support
• 3265: Support
Short-Term (15m) Trading Strategy:
1. For Shorts:
Enter a SELL if price breaks below 3293
→ Watch 3288, then 3283, 3280, 3275
2. For Longs:
Enter a BUY if price holds above 3300
→ Watch 3305, then 3310, 3315, 3325
👉 If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — your support means a lot!
Disclaimer: This is my personal opinion and not financial advice. Please trade responsibly and manage your risk.
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.
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.