Gold has bounced strongly from recent lows, but traders remain cautious as the broader trend still favours sellers. Markets continue to monitor US inflation figures and Federal Reserve commentary for clues about future interest-rate policy.
The rebound has been impressive in terms of speed, yet the inability to push beyond the $4,220 area suggests that sellers are still active at higher prices. This makes the current move look more like short covering than a genuine trend change.
From a trading perspective, the key question is whether buyers can hold gains above $4,200 or if the market will roll over once again.
Trade Setup:
Sell Zone: $4,210 – $4,220
Stop Loss: $4,285
Take Profit 1: $4,100
Take Profit 2: $4,050
Take Profit 3: $4,000
Unless gold reclaims the $4,220–4,300 region, rallies may continue to attract selling interest.
The rebound has been impressive in terms of speed, yet the inability to push beyond the $4,220 area suggests that sellers are still active at higher prices. This makes the current move look more like short covering than a genuine trend change.
From a trading perspective, the key question is whether buyers can hold gains above $4,200 or if the market will roll over once again.
Trade Setup:
Sell Zone: $4,210 – $4,220
Stop Loss: $4,285
Take Profit 1: $4,100
Take Profit 2: $4,050
Take Profit 3: $4,000
Unless gold reclaims the $4,220–4,300 region, rallies may continue to attract selling interest.
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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.