Hey traders!
Gold surged to $4246 after a sharp, multi-day decline—its deepest V-shaped rebound this year. This rally was driven by Trump’s comments and extreme oversold conditions, as prices had erased nearly all 2024 gains and triggered widespread short-covering and bottom-fishing.
Gold is now consolidating intraday between $4230 and $4170. Our call to buy near $4170–$4160 during the European session captured the rebound accurately. We also added shorts at $4220 and locked in solid profits on the US-session pullback.
Today’s SpaceX IPO—the largest in history—may exert long-term bearish pressure on gold. Its impact won’t be immediate but could weigh on sentiment over time.
Trading Strategy:
- Short bias dominates; longs only for tactical entries.
- Resistance: $4230–$4240 (10-point tolerance; trade only on confirmed signals); stronger barrier at $4300.
- Support: $4100–$4110—zone for light, short-term long.
Gold surged to $4246 after a sharp, multi-day decline—its deepest V-shaped rebound this year. This rally was driven by Trump’s comments and extreme oversold conditions, as prices had erased nearly all 2024 gains and triggered widespread short-covering and bottom-fishing.
Gold is now consolidating intraday between $4230 and $4170. Our call to buy near $4170–$4160 during the European session captured the rebound accurately. We also added shorts at $4220 and locked in solid profits on the US-session pullback.
Today’s SpaceX IPO—the largest in history—may exert long-term bearish pressure on gold. Its impact won’t be immediate but could weigh on sentiment over time.
Trading Strategy:
- Short bias dominates; longs only for tactical entries.
- Resistance: $4230–$4240 (10-point tolerance; trade only on confirmed signals); stronger barrier at $4300.
- Support: $4100–$4110—zone for light, short-term long.
İşlem aktif
Gold trading is set to open this week. The trading strategy for Monday is as follows:
on the upside, the short-term resistance to watch first lies at the 4230-4235 level, with the key critical resistance focused on the 4270-4290 range; on the downside, the short-term support to monitor is at the 4160-4170 level, and the core key support lies at the 4085-4100 range.
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.