📌 Highlights
• Gold is rebounding within a short-term ascending channel but continues to trade below the H1 descending trendline.
• Today's key events are the U.S. CPI report and Fed Chair Kevin Warsh's testimony. These will be the primary drivers shaping Fed rate expectations and could trigger significant volatility in gold.
• Ahead of these releases, price is likely to remain in a consolidation phase, sweeping liquidity within the current range before choosing its next direction.
📌 Trading Plan
Resistance: 4030–4040 | 4065–4080 | 4100–4120
Support: 4000 | 3983–3960 | 3940 | 3920
📌 Personal View
✅ Gold is experiencing a technical rebound but remains below key resistance and the descending trendline.
✅ Watch price reaction closely around 4030–4040 and 4065–4080.
✅ A break above 4080 could open the door for a move toward 4100–4120.
✅ A break below 4000–3983 could send gold back to 3960, with 3940–3920 as the next downside targets.
✅ During the CPI release, avoid entering trades too early. Let the market reveal its direction before taking any positions.
📌 What do you think?
Will CPI help gold break above the descending trendline, or will it simply trigger a liquidity sweep before the downtrend resumes?
• Gold is rebounding within a short-term ascending channel but continues to trade below the H1 descending trendline.
• Today's key events are the U.S. CPI report and Fed Chair Kevin Warsh's testimony. These will be the primary drivers shaping Fed rate expectations and could trigger significant volatility in gold.
• Ahead of these releases, price is likely to remain in a consolidation phase, sweeping liquidity within the current range before choosing its next direction.
📌 Trading Plan
Resistance: 4030–4040 | 4065–4080 | 4100–4120
Support: 4000 | 3983–3960 | 3940 | 3920
📌 Personal View
✅ Gold is experiencing a technical rebound but remains below key resistance and the descending trendline.
✅ Watch price reaction closely around 4030–4040 and 4065–4080.
✅ A break above 4080 could open the door for a move toward 4100–4120.
✅ A break below 4000–3983 could send gold back to 3960, with 3940–3920 as the next downside targets.
✅ During the CPI release, avoid entering trades too early. Let the market reveal its direction before taking any positions.
📌 What do you think?
Will CPI help gold break above the descending trendline, or will it simply trigger a liquidity sweep before the downtrend resumes?
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.