Gold is currently trading within a broad sideways range. After surging higher driven by geopolitical safe-haven demand, upward selling pressure has gradually emerged. Profit-taking long positions have continued to exit following the rally, weighing down gold prices. Without major unexpected events in the near term, the market is unlikely to develop a one-sided trend.
On the short-term upside, the primary resistance zone lies between 4130 and 4142. Price rebounds to this zone are vulnerable to selling pressure. Stronger resistance is located at 4160–4170. Only a decisive break and sustained hold above this level will enable bulls to resume upward momentum and target the 4200 mark next.
The immediate short-term support stands at 4100, acting as the critical dividing line between bulls and bears. Further support can be found in the 4070–4080 range.
Trading Strategy: Sell on Rebounds
Entry: 4130–4145
Targets: 4110 → 4100 → 4080
On the short-term upside, the primary resistance zone lies between 4130 and 4142. Price rebounds to this zone are vulnerable to selling pressure. Stronger resistance is located at 4160–4170. Only a decisive break and sustained hold above this level will enable bulls to resume upward momentum and target the 4200 mark next.
The immediate short-term support stands at 4100, acting as the critical dividing line between bulls and bears. Further support can be found in the 4070–4080 range.
Trading Strategy: Sell on Rebounds
Entry: 4130–4145
Targets: 4110 → 4100 → 4080
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Maintain a calm mindset to go far and steady. I make consistent profits every week. Click the link, and let us move forward steadily together.
t.me/+_C-IDtbpGGgxMjg5
t.me/+_C-IDtbpGGgxMjg5
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.