Yesterday, Gold continued its aggressive drop and, as expected, broke below the key 3200 level, reaching the 3165 support zone and even exceeding it — trading now around 3136.
The move that started on Monday is extremely sharp — more than 2,000 pips lost in just a few days — and follows the same pattern we've seen recently: rapid, volatile swings.
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❓ Is this the bottom, or will the fall continue?
At this stage, calling a bottom is risky. There is no clear sign of exhaustion on higher timeframes, and Gold remains vulnerable.
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📌 What I’m watching now:
• Lower timeframes (M30–H1) for signs of a temporary reversal
• Potential bullish divergence
• Watching for spikes down followed by sharp reversals to the upside as potential long entries — aiming to catch a short-term correction within the broader downtrend
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📊 Trading Plan:
For now, I will wait for a possible upside correction, but I won’t rush in. If signs of a bottom emerge, I might catch a short-term bounce, with tight risk.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
The move that started on Monday is extremely sharp — more than 2,000 pips lost in just a few days — and follows the same pattern we've seen recently: rapid, volatile swings.
________________________________________
❓ Is this the bottom, or will the fall continue?
At this stage, calling a bottom is risky. There is no clear sign of exhaustion on higher timeframes, and Gold remains vulnerable.
________________________________________
📌 What I’m watching now:
• Lower timeframes (M30–H1) for signs of a temporary reversal
• Potential bullish divergence
• Watching for spikes down followed by sharp reversals to the upside as potential long entries — aiming to catch a short-term correction within the broader downtrend
________________________________________
📊 Trading Plan:
For now, I will wait for a possible upside correction, but I won’t rush in. If signs of a bottom emerge, I might catch a short-term bounce, with tight risk.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Trade active
As expected, Gold correctedI will switch to sell from under 3200 zone
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.