📊 Summary:
Gold remains in a corrective downtrend but has found strong support around 3960. As long as 3960 holds, the preferred strategy is to buy pullbacks where support holds. A break below this level could open the door for further downside toward 3950 and potentially 3940.
On the upside, a break and hold above 4023 would strengthen bullish momentum. From an intraday perspective, a break below 3998 could present a short opportunity. As price approaches the 3960 area, watch closely for potential long setups. However, if 3960 is broken, the preferred strategy should shift to selling pullbacks where resistance holds.
🔍 Key Levels to Watch:
• 4081 – Resistance
• 4065 – Resistance
• 4043 – Resistance
• 4023 – Resistance
• 4000 – Support
• 3990 – Support
• 3970 – Support
• 3960 – Support
📈 Intraday Strategy:
SELL: If price breaks below 3998 → target 3994, with further downside toward 3989, 3985, 3980
BUY: If price holds above 4023 → target 4027, with further upside toward 4030, 4037, 4043
If you find this helpful or traded using this plan, a like would mean a lot and keep me motivated. Thanks for the support!
Gold remains in a corrective downtrend but has found strong support around 3960. As long as 3960 holds, the preferred strategy is to buy pullbacks where support holds. A break below this level could open the door for further downside toward 3950 and potentially 3940.
On the upside, a break and hold above 4023 would strengthen bullish momentum. From an intraday perspective, a break below 3998 could present a short opportunity. As price approaches the 3960 area, watch closely for potential long setups. However, if 3960 is broken, the preferred strategy should shift to selling pullbacks where resistance holds.
🔍 Key Levels to Watch:
• 4081 – Resistance
• 4065 – Resistance
• 4043 – Resistance
• 4023 – Resistance
• 4000 – Support
• 3990 – Support
• 3970 – Support
• 3960 – Support
📈 Intraday Strategy:
SELL: If price breaks below 3998 → target 3994, with further downside toward 3989, 3985, 3980
BUY: If price holds above 4023 → target 4027, with further upside toward 4030, 4037, 4043
If you find this helpful or traded using this plan, a like would mean a lot and keep me motivated. Thanks for the support!
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.
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.