📌 Highlights
• Yesterday’s ISM Services PMI came in below expectations, indicating that the expansion of the services sector is slowing, but it has not yet created an overly negative signal.
• The market is still waiting for more data to confirm the next direction.
• On lower timeframes such as M15–M30, gold has started to form a short-term bearish structure.
📌 Trading Plan
Resistance: 4135–4145 | 4165 | 4185–4200
Support: 4100–4110 | 4060 | 4030
📌 Personal View
✅ Today, the priority is to SELL.
✅ Look for SELL opportunities when price retraces to resistance zones and shows rejection signals.
✅ If 4100–4110 is broken, price may continue to test 4060 and deeper at 4030.
✅ If price breaks back above 4165, caution is needed as it may extend the rebound toward 4185–4200.
📌 What do you think?
Will gold continue to drop toward 4060, or is it just a correction within a larger upward move?
• Yesterday’s ISM Services PMI came in below expectations, indicating that the expansion of the services sector is slowing, but it has not yet created an overly negative signal.
• The market is still waiting for more data to confirm the next direction.
• On lower timeframes such as M15–M30, gold has started to form a short-term bearish structure.
📌 Trading Plan
Resistance: 4135–4145 | 4165 | 4185–4200
Support: 4100–4110 | 4060 | 4030
📌 Personal View
✅ Today, the priority is to SELL.
✅ Look for SELL opportunities when price retraces to resistance zones and shows rejection signals.
✅ If 4100–4110 is broken, price may continue to test 4060 and deeper at 4030.
✅ If price breaks back above 4165, caution is needed as it may extend the rebound toward 4185–4200.
📌 What do you think?
Will gold continue to drop toward 4060, or is it just a correction within a larger upward move?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.