1. Yesterday’s Setup
In my yesterday’s analysis, I mentioned that while I am bullish overall, I could not ignore the pressure Gold was putting on the 3330 support. I also noted that for bulls to regain control, a break above 3345 was needed.
The market reacted with textbook precision: price rallied exactly to 3345 before breaking down through 3330, reaching a low of 3311. Currently, we see a normal rebound, but inside a bearish short-term structure.
________________________________________
2. The Key Question
Is this just a continuation of the downtrend, or a trap before the real bullish move?
________________________________________
3. Why I’m Not Convinced by the Bears
• The recent drop doesn’t look impulsive—it’s overlapped and choppy, more like a stepway accumulation phase.
• The pattern is contained inside a falling wedge, a structure that usually favors upside breaks.
• Bears had their chance yesterday, but the follow-through looks weak.
________________________________________
4. Trading Plan
At this moment, I’m out of the market, waiting for confirmation.
• Buy zone: around 3300–3305 for a potential re-entry long.
• Bullish confirmation: if price climbs back above yesterday’s high (3345), it would negate the breakdown and confirm a false break.
• With price now at 3322, I prefer to stay patient, watching how it reacts at the key levels.
________________________________________
5. Final Note 🚀
Gold is now right in the middle of my interest range. For me, it’s not about predicting—it’s about waiting for the market to reveal the next high-probability setup.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
In my yesterday’s analysis, I mentioned that while I am bullish overall, I could not ignore the pressure Gold was putting on the 3330 support. I also noted that for bulls to regain control, a break above 3345 was needed.
The market reacted with textbook precision: price rallied exactly to 3345 before breaking down through 3330, reaching a low of 3311. Currently, we see a normal rebound, but inside a bearish short-term structure.
________________________________________
2. The Key Question
Is this just a continuation of the downtrend, or a trap before the real bullish move?
________________________________________
3. Why I’m Not Convinced by the Bears
• The recent drop doesn’t look impulsive—it’s overlapped and choppy, more like a stepway accumulation phase.
• The pattern is contained inside a falling wedge, a structure that usually favors upside breaks.
• Bears had their chance yesterday, but the follow-through looks weak.
________________________________________
4. Trading Plan
At this moment, I’m out of the market, waiting for confirmation.
• Buy zone: around 3300–3305 for a potential re-entry long.
• Bullish confirmation: if price climbs back above yesterday’s high (3345), it would negate the breakdown and confirm a false break.
• With price now at 3322, I prefer to stay patient, watching how it reacts at the key levels.
________________________________________
5. Final Note 🚀
Gold is now right in the middle of my interest range. For me, it’s not about predicting—it’s about waiting for the market to reveal the next high-probability setup.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Operación activa
As expected, it was false breakGold got back above 3330
Buy dips in play
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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
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.