📌 Highlights
• Gold is rebounding within a short-term ascending channel but continues to trade below the H1 descending trendline.
• Today's key events are the U.S. CPI report and Fed Chair Kevin Warsh's testimony. These will be the primary drivers shaping Fed rate expectations and could trigger significant volatility in gold.
• Ahead of these releases, price is likely to remain in a consolidation phase, sweeping liquidity within the current range before choosing its next direction.
📌 Trading Plan
Resistance: 4030–4040 | 4065–4080 | 4100–4120
Support: 4000 | 3983–3960 | 3940 | 3920
📌 Personal View
✅ Gold is experiencing a technical rebound but remains below key resistance and the descending trendline.
✅ Watch price reaction closely around 4030–4040 and 4065–4080.
✅ A break above 4080 could open the door for a move toward 4100–4120.
✅ A break below 4000–3983 could send gold back to 3960, with 3940–3920 as the next downside targets.
✅ During the CPI release, avoid entering trades too early. Let the market reveal its direction before taking any positions.
📌 What do you think?
Will CPI help gold break above the descending trendline, or will it simply trigger a liquidity sweep before the downtrend resumes?
• Gold is rebounding within a short-term ascending channel but continues to trade below the H1 descending trendline.
• Today's key events are the U.S. CPI report and Fed Chair Kevin Warsh's testimony. These will be the primary drivers shaping Fed rate expectations and could trigger significant volatility in gold.
• Ahead of these releases, price is likely to remain in a consolidation phase, sweeping liquidity within the current range before choosing its next direction.
📌 Trading Plan
Resistance: 4030–4040 | 4065–4080 | 4100–4120
Support: 4000 | 3983–3960 | 3940 | 3920
📌 Personal View
✅ Gold is experiencing a technical rebound but remains below key resistance and the descending trendline.
✅ Watch price reaction closely around 4030–4040 and 4065–4080.
✅ A break above 4080 could open the door for a move toward 4100–4120.
✅ A break below 4000–3983 could send gold back to 3960, with 3940–3920 as the next downside targets.
✅ During the CPI release, avoid entering trades too early. Let the market reveal its direction before taking any positions.
📌 What do you think?
Will CPI help gold break above the descending trendline, or will it simply trigger a liquidity sweep before the downtrend resumes?
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.