Gold rallied today, approaching 4250. This trade — originally expected to take about a week to play out — has reached its target in just two trading sessions, much earlier than anticipated.
Price is now near resistance. A bearish divergence has formed on the 30M chart. On the 2H chart, price is facing resistance at the MA60, with dense support below. The 4H chart is also showing signs of resistance. If price can break above current resistance, the next level to watch is above 4300. If not, a pullback toward 4140 or 4090 is possible.
On the daily chart, yesterday’s close was quite constructive. Today, price is attempting to hold above the MA5. Later on, watch how today’s candle closes — preferably above 4200.
At current levels, the direction is unclear. If you prefer to avoid risk, closing positions is a reasonable choice. The long-side profits have been very solid — from below 4100 to above 4200, with some trades even capturing 200+ . Taking a break until next week’s open, then formulating a new plan based on market conditions, is a valid approach.
If you still wish to stay in the market, I would lean toward shorting at these levels. Resistance near 4250 is clear, and with bearish divergences in place, the relative risk on the short side appears lower.
Price is now near resistance. A bearish divergence has formed on the 30M chart. On the 2H chart, price is facing resistance at the MA60, with dense support below. The 4H chart is also showing signs of resistance. If price can break above current resistance, the next level to watch is above 4300. If not, a pullback toward 4140 or 4090 is possible.
On the daily chart, yesterday’s close was quite constructive. Today, price is attempting to hold above the MA5. Later on, watch how today’s candle closes — preferably above 4200.
At current levels, the direction is unclear. If you prefer to avoid risk, closing positions is a reasonable choice. The long-side profits have been very solid — from below 4100 to above 4200, with some trades even capturing 200+ . Taking a break until next week’s open, then formulating a new plan based on market conditions, is a valid approach.
If you still wish to stay in the market, I would lean toward shorting at these levels. Resistance near 4250 is clear, and with bearish divergences in place, the relative risk on the short side appears lower.
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คำจำกัดสิทธิ์ความรับผิดชอบ
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การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน