📌 Market Overview
• Gold remains under pressure after the recent sell-off, with price still trading below the H1 descending trendline.
• Despite several rebound attempts, bullish momentum remains weak and the market is still trapped inside the current consolidation range.
• Today's focus shifts to U.S. Retail Sales, Initial Jobless Claims, and any new headlines surrounding Trump and Iran, as these could trigger the next wave of volatility.
📌 Trading Plan
Resistance: 4000–4010 | 4055–4070
Support: 3970–3960 | 3942 | 3888
📌 Personal View
✅ As long as price remains below the descending trendline, the primary bias remains SELL on rallies.
✅ If price breaks and holds above 4010, a short-term recovery toward 4055–4070 becomes more likely.
✅ If 3960 is broken, the next downside targets are 3942, followed by 3888.
✅ Avoid chasing trades inside the current range. Wait for a clear breakout or a confirmed rejection at key levels before entering.
📌 What do you think?
Will Gold break above 4010 and start a recovery, or lose 3960 and extend the bearish trend?
• Gold remains under pressure after the recent sell-off, with price still trading below the H1 descending trendline.
• Despite several rebound attempts, bullish momentum remains weak and the market is still trapped inside the current consolidation range.
• Today's focus shifts to U.S. Retail Sales, Initial Jobless Claims, and any new headlines surrounding Trump and Iran, as these could trigger the next wave of volatility.
📌 Trading Plan
Resistance: 4000–4010 | 4055–4070
Support: 3970–3960 | 3942 | 3888
📌 Personal View
✅ As long as price remains below the descending trendline, the primary bias remains SELL on rallies.
✅ If price breaks and holds above 4010, a short-term recovery toward 4055–4070 becomes more likely.
✅ If 3960 is broken, the next downside targets are 3942, followed by 3888.
✅ Avoid chasing trades inside the current range. Wait for a clear breakout or a confirmed rejection at key levels before entering.
📌 What do you think?
Will Gold break above 4010 and start a recovery, or lose 3960 and extend the bearish trend?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.