Gold displayed typical volatile range-bound price action throughout the session, with frequent intraday swings that formed clear structural short opportunities within the established trading range.
Price faced consistent selling pressure after retesting the key resistance zone of 4000–3990, triggering a steady downside move toward the 3980 level. After reaching the nearby support area around 3970, bullish technical correction emerged, driving a minor pullback in price and creating temporary range oscillation.
Following the intraday retracement, price rallied once again to the critical resistance zone of 4020–4030, where bearish momentum reasserted itself strongly. This key supply zone effectively capped upside attempts, resulting in a notable downside reaction and completing the intraday range cycle.
Current Market Outlook
The ongoing rebound is purely a short-term technical correction within the broader downtrend, rather than a full trend reversal. The overall market structure remains firmly bearish on higher timeframes, with upside momentum lacking sustainable strength.
Moving forward, intraday rallies toward major resistance levels will continue to offer high-probability bearish setups. The core market bias remains sell-on-strength, and this bearish outlook will remain valid unless price achieves a decisive, sustained breakout above the key upper resistance barrier.
- Sell: 4040 - 4030
- TP: 4000 - 3980 - 3960
Price faced consistent selling pressure after retesting the key resistance zone of 4000–3990, triggering a steady downside move toward the 3980 level. After reaching the nearby support area around 3970, bullish technical correction emerged, driving a minor pullback in price and creating temporary range oscillation.
Following the intraday retracement, price rallied once again to the critical resistance zone of 4020–4030, where bearish momentum reasserted itself strongly. This key supply zone effectively capped upside attempts, resulting in a notable downside reaction and completing the intraday range cycle.
Current Market Outlook
The ongoing rebound is purely a short-term technical correction within the broader downtrend, rather than a full trend reversal. The overall market structure remains firmly bearish on higher timeframes, with upside momentum lacking sustainable strength.
Moving forward, intraday rallies toward major resistance levels will continue to offer high-probability bearish setups. The core market bias remains sell-on-strength, and this bearish outlook will remain valid unless price achieves a decisive, sustained breakout above the key upper resistance barrier.
- Sell: 4040 - 4030
- TP: 4000 - 3980 - 3960
액티브 트레이드
거래청산: 타겟 닿음
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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.