1. Yesterday’s action
In yesterday’s analysis I said that although the chart looks bullish, Gold bulls should be very careful. After all, price had already climbed 4,000 pips in less than a month, and such complacency usually doesn’t end well.
During yesterday’s session, XAUUSD spiked above 3700, quickly reversed, and touched the newly formed support at 3675. From there, price attempted another push higher. Now we are once again back at support.
2. Key question
Will the 3670 zone hold, or are bulls about to lose control of the market?
3. Why caution is needed
• The chart is still bullish overall, but the structure is becoming increasingly concerning.
• If bulls lose the 3670 zone, I don’t expect a quick rebound from 3650.
• Instead, the market is more likely to continue lower, with at least a move toward 3620.
4. Trading plan
• From my perspective, buying here is very risky, even riskier than selling.
• I remain out of the market, waiting for a GOOD entry to sell.
• My target is a 700–1000 pip as usual, which I believe will come to the downside, not the upside.
5. Conclusion
Gold’s chart may still look bullish, but risk is shifting quickly. Chasing longs here could be dangerous — patience and discipline are key until the right sell opportunity appears 🚀
In yesterday’s analysis I said that although the chart looks bullish, Gold bulls should be very careful. After all, price had already climbed 4,000 pips in less than a month, and such complacency usually doesn’t end well.
During yesterday’s session, XAUUSD spiked above 3700, quickly reversed, and touched the newly formed support at 3675. From there, price attempted another push higher. Now we are once again back at support.
2. Key question
Will the 3670 zone hold, or are bulls about to lose control of the market?
3. Why caution is needed
• The chart is still bullish overall, but the structure is becoming increasingly concerning.
• If bulls lose the 3670 zone, I don’t expect a quick rebound from 3650.
• Instead, the market is more likely to continue lower, with at least a move toward 3620.
4. Trading plan
• From my perspective, buying here is very risky, even riskier than selling.
• I remain out of the market, waiting for a GOOD entry to sell.
• My target is a 700–1000 pip as usual, which I believe will come to the downside, not the upside.
5. Conclusion
Gold’s chart may still look bullish, but risk is shifting quickly. Chasing longs here could be dangerous — patience and discipline are key until the right sell opportunity appears 🚀
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👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.