Good evening, everyone!
Apologies for the late update today—I had some matters to attend to. I hope your trades are going smoothly.
Yesterday, gold found support around 3284 and continued to rebound during today’s session, reaching as high as 3330. The key resistance at 3321 has now been broken and is currently acting as a short-term support level. However, based on the current price structure, this level is likely to be retested multiple times, and some consolidation may follow.
The next major resistance lies between 3337 and 3343. In the absence of strong bullish momentum, the preferred short-term strategy remains selling on rebounds, especially near resistance zones.
⚠️ Additionally, the U.S. Initial Jobless Claims data will be released during the New York session tonight, which may cause increased volatility and potentially whipsaw price action. Be cautious with position sizing, and avoid emotional trades or chasing price action during news releases. Patience and discipline will be key.
Apologies for the late update today—I had some matters to attend to. I hope your trades are going smoothly.
Yesterday, gold found support around 3284 and continued to rebound during today’s session, reaching as high as 3330. The key resistance at 3321 has now been broken and is currently acting as a short-term support level. However, based on the current price structure, this level is likely to be retested multiple times, and some consolidation may follow.
The next major resistance lies between 3337 and 3343. In the absence of strong bullish momentum, the preferred short-term strategy remains selling on rebounds, especially near resistance zones.
⚠️ Additionally, the U.S. Initial Jobless Claims data will be released during the New York session tonight, which may cause increased volatility and potentially whipsaw price action. Be cautious with position sizing, and avoid emotional trades or chasing price action during news releases. Patience and discipline will be key.
I’ve created a channel where I’ll be posting market analysis and trading signals.
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
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.
I’ve created a channel where I’ll be posting market analysis and trading signals.
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
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.