No major economic data is scheduled for release on Monday. The market will follow last Friday’s price action, with no sharp volatility expected; the session will likely feature sideways movement to shake out retail traders. The 4040–4060 zone acts as key resistance, where a large volume of long positions from earlier trades are trapped. Gold prices will most likely face selling pressure and pull back once rebounding to this range. The medium-term bearish bias can only ease if prices firmly break and hold above 4100.
On the downside, the 3990–4000 range serves as near-term support for long positions. As long as this zone holds, the day’s market will maintain a mild bullish corrective trend. Major near-term support levels sit at 3960 and 3940. A decisive break below 3940 will unlock further downside room.
Overall, against a broader macro bearish backdrop, gold will trade sideways for position washing. Sharp trending moves will only emerge after major economic data prints on Tuesday and Wednesday. Sideways consolidation is a standard market mechanism to flush weak hands—do not let short-term price swings disrupt your trading plan. The primary short-to-medium bearish trend remains intact, making selling on solid rebound highs the optimal trading approach. I share trading strategies every single day.
On the downside, the 3990–4000 range serves as near-term support for long positions. As long as this zone holds, the day’s market will maintain a mild bullish corrective trend. Major near-term support levels sit at 3960 and 3940. A decisive break below 3940 will unlock further downside room.
Overall, against a broader macro bearish backdrop, gold will trade sideways for position washing. Sharp trending moves will only emerge after major economic data prints on Tuesday and Wednesday. Sideways consolidation is a standard market mechanism to flush weak hands—do not let short-term price swings disrupt your trading plan. The primary short-to-medium bearish trend remains intact, making selling on solid rebound highs the optimal trading approach. I share trading strategies every single day.
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Maintain a calm mindset to go far and steady. I make consistent profits every week. Click the link, and let us move forward steadily together.
t.me/+_C-IDtbpGGgxMjg5
t.me/+_C-IDtbpGGgxMjg5
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.