📊Sustained geopolitical tensions in the Middle East provide solid safe-haven support for gold. Tomorrow’s U.S. CPI data will be crucial, as it will shape market expectations for Federal Reserve interest rate cuts and amplify short-term volatility. Blindly chasing upward momentum is not recommended.
📈Gold price has successfully broken through the key resistance level of 5200, with the 4-hour timeframe showing a bullish bias. Key support levels are 5200-5210, and immediate resistance zones are 5250-5270.
✅ Trading Recommendation: Enter light long positions when the price retraces to 5200-5210, set SL at 5190. TP1 is 5250, andTP2 is 5270 upon a decisive break above 5250.
💡Follow me for more consistent trading strategies.
⚠️ Risk Warning: Upcoming data releases may trigger sharp price fluctuations. Traders must strictly adhere to stop-loss orders, properly manage position sizes, and avoid holding losing positions unnecessarily.
📈Gold price has successfully broken through the key resistance level of 5200, with the 4-hour timeframe showing a bullish bias. Key support levels are 5200-5210, and immediate resistance zones are 5250-5270.
✅ Trading Recommendation: Enter light long positions when the price retraces to 5200-5210, set SL at 5190. TP1 is 5250, andTP2 is 5270 upon a decisive break above 5250.
💡Follow me for more consistent trading strategies.
⚠️ Risk Warning: Upcoming data releases may trigger sharp price fluctuations. Traders must strictly adhere to stop-loss orders, properly manage position sizes, and avoid holding losing positions unnecessarily.
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.