📌 Market Overview
• Gold remains under pressure after the recent sell-off, with price still trading below the H1 descending trendline.
• Despite several rebound attempts, bullish momentum remains weak and the market is still trapped inside the current consolidation range.
• Today's focus shifts to U.S. Retail Sales, Initial Jobless Claims, and any new headlines surrounding Trump and Iran, as these could trigger the next wave of volatility.
📌 Trading Plan
Resistance: 4000–4010 | 4055–4070
Support: 3970–3960 | 3942 | 3888
📌 Personal View
✅ As long as price remains below the descending trendline, the primary bias remains SELL on rallies.
✅ If price breaks and holds above 4010, a short-term recovery toward 4055–4070 becomes more likely.
✅ If 3960 is broken, the next downside targets are 3942, followed by 3888.
✅ Avoid chasing trades inside the current range. Wait for a clear breakout or a confirmed rejection at key levels before entering.
📌 What do you think?
Will Gold break above 4010 and start a recovery, or lose 3960 and extend the bearish trend?
• Gold remains under pressure after the recent sell-off, with price still trading below the H1 descending trendline.
• Despite several rebound attempts, bullish momentum remains weak and the market is still trapped inside the current consolidation range.
• Today's focus shifts to U.S. Retail Sales, Initial Jobless Claims, and any new headlines surrounding Trump and Iran, as these could trigger the next wave of volatility.
📌 Trading Plan
Resistance: 4000–4010 | 4055–4070
Support: 3970–3960 | 3942 | 3888
📌 Personal View
✅ As long as price remains below the descending trendline, the primary bias remains SELL on rallies.
✅ If price breaks and holds above 4010, a short-term recovery toward 4055–4070 becomes more likely.
✅ If 3960 is broken, the next downside targets are 3942, followed by 3888.
✅ Avoid chasing trades inside the current range. Wait for a clear breakout or a confirmed rejection at key levels before entering.
📌 What do you think?
Will Gold break above 4010 and start a recovery, or lose 3960 and extend the bearish trend?
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.