Summary:
War has broken out between Israel and Iran, triggering a sharp surge in gold prices.
Today's strategy is to buy on pullbacks to support — this plan only changes if price breaks below 3378.
🔍 Key Levels to Watch:
• 3450 – Bullish target
• 3435 – Minor long target
• 3421 – Support
• 3412 – Support
• 3405 – Support
• 3400 – Major Support
• 3392 – Support
• 3378 – Critical support (trend shift if broken)
• 3368 – Resistance
📉 Macro Strategy:
Due to the strong fundamental driver, technical indicators may lose effectiveness today.
Volatility is expected to be extremely high.
⚠️ Avoid aggressive shorting.
Conservative traders may either stay out or take light long positions on support retests.
👉 If you find this helpful, a like lets me know you're interested. Thanks for the support!
War has broken out between Israel and Iran, triggering a sharp surge in gold prices.
Today's strategy is to buy on pullbacks to support — this plan only changes if price breaks below 3378.
🔍 Key Levels to Watch:
• 3450 – Bullish target
• 3435 – Minor long target
• 3421 – Support
• 3412 – Support
• 3405 – Support
• 3400 – Major Support
• 3392 – Support
• 3378 – Critical support (trend shift if broken)
• 3368 – Resistance
📉 Macro Strategy:
Due to the strong fundamental driver, technical indicators may lose effectiveness today.
Volatility is expected to be extremely high.
⚠️ Avoid aggressive shorting.
Conservative traders may either stay out or take light long positions on support retests.
👉 If you find this helpful, a like lets me know you're interested. Thanks for the support!
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.