1. What happened yesterday
As expected, Gold started to rise after finding support at 3250. The move up played out perfectly, reaching the resistance area highlighted in yesterday’s analysis — around 3320–3340.
________________________________________
2. The key question today
Is this just a correction in a bearish trend, or the start of reversal?
________________________________________
3. Why I remain bearish
• On the weekly chart, structure still leans bearish
• On lower time frames, the bounce looks corrective — not impulsive
• No breakout above 3360 yet, which would be needed to shift the bias
• A move back below 3320 would likely trigger renewed selling
• If that happens, 3250 could be tested again quickly
We need to respect the bounce — but not overreact to it.
________________________________________
4. Trading plan
My bias remains bearish as long as price stays under 3360.
However, if we get a daily close above 3360, I’ll pause and re-evaluate the short bias. The market would then be signaling a potential trend shift.
________________________________________
5. Final thoughts 🚀
This is a key moment for gold. We’re at resistance zone but not broken above yet.
Until proven otherwise, the trend remains down — and rallies into 3340 zone should be considered selling opportunities.
Comments If you are new here, or your account is getting burned, please contact me. I will help you.
As expected, Gold started to rise after finding support at 3250. The move up played out perfectly, reaching the resistance area highlighted in yesterday’s analysis — around 3320–3340.
________________________________________
2. The key question today
Is this just a correction in a bearish trend, or the start of reversal?
________________________________________
3. Why I remain bearish
• On the weekly chart, structure still leans bearish
• On lower time frames, the bounce looks corrective — not impulsive
• No breakout above 3360 yet, which would be needed to shift the bias
• A move back below 3320 would likely trigger renewed selling
• If that happens, 3250 could be tested again quickly
We need to respect the bounce — but not overreact to it.
________________________________________
4. Trading plan
My bias remains bearish as long as price stays under 3360.
However, if we get a daily close above 3360, I’ll pause and re-evaluate the short bias. The market would then be signaling a potential trend shift.
________________________________________
5. Final thoughts 🚀
This is a key moment for gold. We’re at resistance zone but not broken above yet.
Until proven otherwise, the trend remains down — and rallies into 3340 zone should be considered selling opportunities.
Comments If you are new here, or your account is getting burned, please contact me. I will help you.
Trade active
An American man who loves life：
t.me/+f7MisaDxiAA2ZGQx
t.me/+f7MisaDxiAA2ZGQx
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.
An American man who loves life：
t.me/+f7MisaDxiAA2ZGQx
t.me/+f7MisaDxiAA2ZGQx
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.