Good morning, everyone!
Yesterday, the market saw a one-sided drop, with selling pressure on the 4H chart largely released. However, the daily bullish structure has been damaged. Given the size of yesterday’s decline, there’s a decent chance of an intraday rebound today.
Key support levels to watch are 3343–3337 and 3328–3323, while resistance sits at 3352–3358 and 3366–3372–3378. Trading should focus on these zones.
With today’s news-driven volatility likely to exceed yesterday’s, if the downtrend continues, I see 3312–3298 as an attractive buying opportunity. My overall bias for the day remains buying on dips, with potential short opportunities near resistance.
Yesterday, the market saw a one-sided drop, with selling pressure on the 4H chart largely released. However, the daily bullish structure has been damaged. Given the size of yesterday’s decline, there’s a decent chance of an intraday rebound today.
Key support levels to watch are 3343–3337 and 3328–3323, while resistance sits at 3352–3358 and 3366–3372–3378. Trading should focus on these zones.
With today’s news-driven volatility likely to exceed yesterday’s, if the downtrend continues, I see 3312–3298 as an attractive buying opportunity. My overall bias for the day remains buying on dips, with potential short opportunities near resistance.
Trade active
CPI data will be released in 4 minutes. For those holding positions, manage your risk carefully and avoid chasing highs or selling lows.Trade closed: target reached
Good evening, everyone!So far, gold is still moving within the range we outlined yesterday, and trading can continue to focus on key support and resistance levels. Pay close attention to the shift between support and resistance — correctly identifying these changes often determines the success of a trade. If you can’t judge it clearly, stick to setups you fully understand.
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.