Yesterday, gold dipped to around 3290, followed by a minor rebound.
Today, as expected, it broke down through the 3280 level decisively—just as we discussed:
🔻 A break below 3280 likely means a gap fill toward 3259.
✅ For those who followed the plan and went long below 3266, the trade worked beautifully—
Gold dropped to a low of 3245, effectively filling the gap, and has since rebounded back to the 3280 area.
📈 What’s next?
Now that the gap is filled, gold is likely to retest the $3300 zone in the short term.
With price currently around 3280, there is still room to the upside.
➡️ If you're holding long positions, you can consider holding a bit longer for potential further gains.
🚨 BUT—this was only a single bottom test.
That means there's still a chance of a second dip before the trend fully reverses. So:
🛡 Risk management remains crucial.
If you're okay with some profit pullback, it's fine to stay in.
If not, consider securing partial profits and setting trailing stops.
🎯 Key levels to watch:
🔼 3300 – Main resistance zone; focus on whether it breaks or rejects;
🔽 3276–3263 – Support range on any pullback; good zones to watch for fresh entries if support holds.
📌 Trading Strategy Outlook:
For now, continue to buy on dips as long as support holds, and monitor 3300 resistance closely.
If price fails to break above, we may see a pullback—but as always, with proper planning, we stay profitable.
Today, as expected, it broke down through the 3280 level decisively—just as we discussed:
🔻 A break below 3280 likely means a gap fill toward 3259.
✅ For those who followed the plan and went long below 3266, the trade worked beautifully—
Gold dropped to a low of 3245, effectively filling the gap, and has since rebounded back to the 3280 area.
📈 What’s next?
Now that the gap is filled, gold is likely to retest the $3300 zone in the short term.
With price currently around 3280, there is still room to the upside.
➡️ If you're holding long positions, you can consider holding a bit longer for potential further gains.
🚨 BUT—this was only a single bottom test.
That means there's still a chance of a second dip before the trend fully reverses. So:
🛡 Risk management remains crucial.
If you're okay with some profit pullback, it's fine to stay in.
If not, consider securing partial profits and setting trailing stops.
🎯 Key levels to watch:
🔼 3300 – Main resistance zone; focus on whether it breaks or rejects;
🔽 3276–3263 – Support range on any pullback; good zones to watch for fresh entries if support holds.
📌 Trading Strategy Outlook:
For now, continue to buy on dips as long as support holds, and monitor 3300 resistance closely.
If price fails to break above, we may see a pullback—but as always, with proper planning, we stay profitable.
Trade active
Technically, gold has already broken through resistance, showing solid bullish momentum. Today or tomorrow, the price is likely to make another push upward before pulling back to retest support. Once the support is confirmed, the market is expected to move toward filling the gap in the 3355–3357 zone—or it might fill the gap first and then pull back.This gives us two clear and low-risk trading opportunities:
Short near the gap: If price reaches the 3355–3357 area first, this zone provides a good short-selling opportunity due to potential exhaustion.（3357-3373）
Long on pullback: If price pulls back first, then look to buy in the 3316–3298 support range for a continuation higher.
Both scenarios offer favorable risk-reward setups. Stay patient, watch the key levels closely, and trade accordingly.
Welcome everyone who wants to increase profits to join the channel:
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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.
Welcome everyone who wants to increase profits to join the channel:
t.me/+3slQbdahSmJmOTE0
t.me/+3slQbdahSmJmOTE0
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.