Amid escalating tensions in the Middle East, risk-off sentiment surged,
sending gold soaring past the 3414 resistance and peaking near 3450,
before retracing and rebounding off the 3414 support zone.
⚠️ While this was a high-volume breakout, it was news-driven,
so keep in mind:
📌 If tensions ease over the weekend, a pullback on Monday is highly likely
📌 If tensions escalate, another bullish run would be expected
—
🔍 Technical Outlook:
🧭 4H chart: 9-count nearing completion — overbought signals building
🧭 2H chart: MACD showing early signs of a bearish crossover; potential divergence forming
🧭 1D chart: Breakout with volume confirms bullish trend, but risk of short-term correction remains
—
📌 Key Price Zones:
🔺 Resistance: 3468 – 3487 – 3500
🔻 Support: 3414 (critical) – 3400 – 3392
⚠️ If broken, next downside targets: 3378 – 3367
—
📈 Strategy Suggestions:
As we head into Monday:
✅ Consider selling on rallies if geopolitical tensions ease
✅ If tensions worsen, follow the momentum — but watch for reversal signs
sending gold soaring past the 3414 resistance and peaking near 3450,
before retracing and rebounding off the 3414 support zone.
⚠️ While this was a high-volume breakout, it was news-driven,
so keep in mind:
📌 If tensions ease over the weekend, a pullback on Monday is highly likely
📌 If tensions escalate, another bullish run would be expected
—
🔍 Technical Outlook:
🧭 4H chart: 9-count nearing completion — overbought signals building
🧭 2H chart: MACD showing early signs of a bearish crossover; potential divergence forming
🧭 1D chart: Breakout with volume confirms bullish trend, but risk of short-term correction remains
—
📌 Key Price Zones:
🔺 Resistance: 3468 – 3487 – 3500
🔻 Support: 3414 (critical) – 3400 – 3392
⚠️ If broken, next downside targets: 3378 – 3367
—
📈 Strategy Suggestions:
As we head into Monday:
✅ Consider selling on rallies if geopolitical tensions ease
✅ If tensions worsen, follow the momentum — but watch for reversal signs
Want live data interpretations and precise trade signals?
DM me for real-time strategy support, risk management, and technical insights.
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DM me for real-time strategy support, risk management, and technical insights.
✅ Trade smart. Stay disciplined. Profit consistently.
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.
Want live data interpretations and precise trade signals?
DM me for real-time strategy support, risk management, and technical insights.
✅ Trade smart. Stay disciplined. Profit consistently.
t.me/+3slQbdahSmJmOTE0
DM me for real-time strategy support, risk management, and technical insights.
✅ Trade smart. Stay disciplined. Profit consistently.
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.