🔹 Gold Faces Liquidity Pressure at 3300 - Can It Hold or Will a Deeper Pullback Occur?
Gold has been under pressure after rejecting key resistance levels, with the market now entering a crucial phase where liquidity zones are key to determining the next move. As global trade developments unfold and the latest economic data trickles in, traders are eyeing whether the gold market will continue its bullish momentum or face a deeper pullback.
🔹 Market Context – US Dollar Gains Strength Amid Positive Trade Sentiment
The US dollar is showing a notable rebound, driven by positive trade negotiations and agreements between the US and other major nations. As a result, the greenback is receiving short-term support, which is creating downward pressure on gold as traders rotate into a more risk-on environment. Additionally, lower-than-expected inflation data out of the US suggests the Fed may hold off on rate hikes, further boosting the dollar.
🔹 Geopolitical Factors Easing
Geopolitical tensions have somewhat eased, reducing the need for safe-haven assets like gold. This has contributed to a calm in the market, but it’s crucial to watch for any new developments that might trigger renewed interest in gold as a hedge.
🔹 Technical Outlook – Gold in Range-Bound Consolidation
On the H1 chart, gold is trending within a well-defined downward channel, ranging from 3360 to 3290. This range is currently acting as a resistance and support zone. If gold remains in this range, it could pull back further to the 3250 liquidity area. The market is effectively testing lower liquidity zones, and the reaction at these levels will be vital for determining the short-term direction.
🔹 Strategic View – Monitoring for Breakout or Continuation
Given the current price structure, we are likely to see the market retest key liquidity zones around 3320-3325. If the price holds above this zone, we might see buying pressure that leads to a bounce. However, traders should remain cautious as false breakouts are common, particularly when the market is moving fast and without confirmation from higher timeframes.
🔹TRADING STRATEGY:
BUY ZONE: 3346 – 3344 | Stop Loss: 3340 | TP 3350 - 3361 - 3372 - OPEN
SCALPING SELL ZONE: 3305 – 3307 | Stop Loss: 3310 | TP 3300 - 3395 - 3387 - OPEN
LIMIT SELL ZONE: 3334 – 3336 | Stop Loss: 3340 | TP 3327 - 3310 - 3300
As always, patience is key. Ensure you wait for solid confirmation signals, especially at these critical liquidity zones. False breakouts are frequent, and it's important to trade with a structured risk management plan.
🔹 Conclusion
The market is at a crucial inflection point. While we may see some upside pressure if buyers gain momentum, the risk of a further correction is present, especially if liquidity demand shifts. Watch how price behaves around the 3300 level, and be prepared to adapt to market conditions as they unfold.
Gold has been under pressure after rejecting key resistance levels, with the market now entering a crucial phase where liquidity zones are key to determining the next move. As global trade developments unfold and the latest economic data trickles in, traders are eyeing whether the gold market will continue its bullish momentum or face a deeper pullback.
🔹 Market Context – US Dollar Gains Strength Amid Positive Trade Sentiment
The US dollar is showing a notable rebound, driven by positive trade negotiations and agreements between the US and other major nations. As a result, the greenback is receiving short-term support, which is creating downward pressure on gold as traders rotate into a more risk-on environment. Additionally, lower-than-expected inflation data out of the US suggests the Fed may hold off on rate hikes, further boosting the dollar.
🔹 Geopolitical Factors Easing
Geopolitical tensions have somewhat eased, reducing the need for safe-haven assets like gold. This has contributed to a calm in the market, but it’s crucial to watch for any new developments that might trigger renewed interest in gold as a hedge.
🔹 Technical Outlook – Gold in Range-Bound Consolidation
On the H1 chart, gold is trending within a well-defined downward channel, ranging from 3360 to 3290. This range is currently acting as a resistance and support zone. If gold remains in this range, it could pull back further to the 3250 liquidity area. The market is effectively testing lower liquidity zones, and the reaction at these levels will be vital for determining the short-term direction.
🔹 Strategic View – Monitoring for Breakout or Continuation
Given the current price structure, we are likely to see the market retest key liquidity zones around 3320-3325. If the price holds above this zone, we might see buying pressure that leads to a bounce. However, traders should remain cautious as false breakouts are common, particularly when the market is moving fast and without confirmation from higher timeframes.
🔹TRADING STRATEGY:
BUY ZONE: 3346 – 3344 | Stop Loss: 3340 | TP 3350 - 3361 - 3372 - OPEN
SCALPING SELL ZONE: 3305 – 3307 | Stop Loss: 3310 | TP 3300 - 3395 - 3387 - OPEN
LIMIT SELL ZONE: 3334 – 3336 | Stop Loss: 3340 | TP 3327 - 3310 - 3300
As always, patience is key. Ensure you wait for solid confirmation signals, especially at these critical liquidity zones. False breakouts are frequent, and it's important to trade with a structured risk management plan.
🔹 Conclusion
The market is at a crucial inflection point. While we may see some upside pressure if buyers gain momentum, the risk of a further correction is present, especially if liquidity demand shifts. Watch how price behaves around the 3300 level, and be prepared to adapt to market conditions as they unfold.
Trade active
SCALPING SELL ZONE: 3305 – 3307 HIT TP1 +50PIPS !Trade closed: target reached
SCALPING SELL ZONE: 3305 – 3307 HIT TP1 +50PIPS !
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🔱 Trade with Smart Money – ICT Concepts & Price Action
🔱 Latest Daily Plan – Updated with 4–6 Free Gold Signals Daily
Join now: t.me/+BT9z8lt4yJ01OGVl
🔱 Latest Daily Plan – Updated with 4–6 Free Gold Signals Daily
Join now: t.me/+BT9z8lt4yJ01OGVl
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.