Hey traders!
Gold surged to $4246 after a sharp, multi-day decline—its deepest V-shaped rebound this year. This rally was driven by Trump’s comments and extreme oversold conditions, as prices had erased nearly all 2024 gains and triggered widespread short-covering and bottom-fishing.
Gold is now consolidating intraday between $4230 and $4170. Our call to buy near $4170–$4160 during the European session captured the rebound accurately. We also added shorts at $4220 and locked in solid profits on the US-session pullback.
Today’s SpaceX IPO—the largest in history—may exert long-term bearish pressure on gold. Its impact won’t be immediate but could weigh on sentiment over time.
Trading Strategy:
- Short bias dominates; longs only for tactical entries.
- Resistance: $4230–$4240 (10-point tolerance; trade only on confirmed signals); stronger barrier at $4300.
- Support: $4100–$4110—zone for light, short-term long.
Gold surged to $4246 after a sharp, multi-day decline—its deepest V-shaped rebound this year. This rally was driven by Trump’s comments and extreme oversold conditions, as prices had erased nearly all 2024 gains and triggered widespread short-covering and bottom-fishing.
Gold is now consolidating intraday between $4230 and $4170. Our call to buy near $4170–$4160 during the European session captured the rebound accurately. We also added shorts at $4220 and locked in solid profits on the US-session pullback.
Today’s SpaceX IPO—the largest in history—may exert long-term bearish pressure on gold. Its impact won’t be immediate but could weigh on sentiment over time.
Trading Strategy:
- Short bias dominates; longs only for tactical entries.
- Resistance: $4230–$4240 (10-point tolerance; trade only on confirmed signals); stronger barrier at $4300.
- Support: $4100–$4110—zone for light, short-term long.
Trade ist aktiv
Gold trading is set to open this week. The trading strategy for Monday is as follows:
on the upside, the short-term resistance to watch first lies at the 4230-4235 level, with the key critical resistance focused on the 4270-4290 range; on the downside, the short-term support to monitor is at the 4160-4170 level, and the core key support lies at the 4085-4100 range.
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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.