✅ After a period of consolidation, gold posted a strong bullish candlestick today, sparking short-term bullish sentiment. Our buy positions placed in the 3323–3326 range also successfully gained nearly 300 pips. Overall, gold remains in a wide high-level consolidation range (around 3310–3400).
🔹 Moving Averages: MA5 and MA10 have formed a golden cross, but the price is still capped by MA20 and MA60, meaning the medium-term trend has not fully reversed yet.
🔹 Indicators: MACD shows a bullish crossover at the lows, but histogram momentum has not expanded; RSI is near the mid-range, reflecting strong competition between bulls and bears.
✅ On the 4-hour chart, gold rebounded sharply after bottoming at the 3311 level, reaching as high as 3378, but faced rejection at upper resistance. It is now consolidating between 3340–3375. The Bollinger Bands are slightly opening, and price is trading around the mid-band. If gold can hold above 3350–3360, it may continue toward 3375–3400. However, a drop below 3340 could trigger further downside risk.
🔴 Resistance Levels: 3380–3384
🟢 Support Levels: 3355–3360
✅ Trading Strategy Reference:
🔰 If price pulls back and holds at 3355–3360, consider light long positions, targeting 3375–3380.
🔰 If price rebounds to 3380–3385 and faces rejection, consider light short positions, targeting 3370–3360.
🔰 If price breaks above and holds 3375–3380, further upside toward 3400 is possible.
🔹 Moving Averages: MA5 and MA10 have formed a golden cross, but the price is still capped by MA20 and MA60, meaning the medium-term trend has not fully reversed yet.
🔹 Indicators: MACD shows a bullish crossover at the lows, but histogram momentum has not expanded; RSI is near the mid-range, reflecting strong competition between bulls and bears.
✅ On the 4-hour chart, gold rebounded sharply after bottoming at the 3311 level, reaching as high as 3378, but faced rejection at upper resistance. It is now consolidating between 3340–3375. The Bollinger Bands are slightly opening, and price is trading around the mid-band. If gold can hold above 3350–3360, it may continue toward 3375–3400. However, a drop below 3340 could trigger further downside risk.
🔴 Resistance Levels: 3380–3384
🟢 Support Levels: 3355–3360
✅ Trading Strategy Reference:
🔰 If price pulls back and holds at 3355–3360, consider light long positions, targeting 3375–3380.
🔰 If price rebounds to 3380–3385 and faces rejection, consider light short positions, targeting 3370–3360.
🔰 If price breaks above and holds 3375–3380, further upside toward 3400 is possible.
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+AMHhMKEIj_IzN2Vl
✉️VIP Guidance : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+AMHhMKEIj_IzN2Vl
✉️VIP Guidance : t.me/Jack_blackwell
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.
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+AMHhMKEIj_IzN2Vl
✉️VIP Guidance : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+AMHhMKEIj_IzN2Vl
✉️VIP Guidance : t.me/Jack_blackwell
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.