After the market absorbed most of the weekend headlines related to the US–Iran situation, gold still has not shown a clear direction today and continues trading sideways inside a larger range.
Gold is currently moving within the following range:
449X | 459X
At the same time, on the lower timeframes, price has recently broken below the smaller range around 4550, showing that the market is still consolidating and lacking enough momentum for a confirmed breakout.
Personal View
I still prefer a range-trading approach until the market clearly breaks one side of the range.
If gold breaks down clearly below 4490 → the decline could extend toward:
4460 | 4450 | 4520
On the other hand, if price breaks above 4590 → the market could continue rebounding toward higher resistance zones:
4600 | 4620 | 4650–4660
Key resistance zones to watch for SELL reactions:
4550 | 4580 | 4600 | 4620 | 4650–4660
Current Trading Plan:
Look for BUY reactions at support zones
Look for SELL reactions at resistance zones
Prioritize scalp trades and range trading until a confirmed breakout appears
Main Idea
The market still lacks a clear trend
Gold remains trapped inside the 449X–459X range
Lower timeframes already broke below 4550, but it is still not enough to confirm a larger trend
Waiting for a clearer breakout before expecting the next major move
“The longer the market stays compressed in a sideways range — the stronger the breakout usually becomes.” 🔥
What do you think?
Will gold break above 4590 and continue the rebound — or break below 4490 and extend the deeper bearish move? 👀
Gold is currently moving within the following range:
449X | 459X
At the same time, on the lower timeframes, price has recently broken below the smaller range around 4550, showing that the market is still consolidating and lacking enough momentum for a confirmed breakout.
Personal View
I still prefer a range-trading approach until the market clearly breaks one side of the range.
If gold breaks down clearly below 4490 → the decline could extend toward:
4460 | 4450 | 4520
On the other hand, if price breaks above 4590 → the market could continue rebounding toward higher resistance zones:
4600 | 4620 | 4650–4660
Key resistance zones to watch for SELL reactions:
4550 | 4580 | 4600 | 4620 | 4650–4660
Current Trading Plan:
Look for BUY reactions at support zones
Look for SELL reactions at resistance zones
Prioritize scalp trades and range trading until a confirmed breakout appears
Main Idea
The market still lacks a clear trend
Gold remains trapped inside the 449X–459X range
Lower timeframes already broke below 4550, but it is still not enough to confirm a larger trend
Waiting for a clearer breakout before expecting the next major move
“The longer the market stays compressed in a sideways range — the stronger the breakout usually becomes.” 🔥
What do you think?
Will gold break above 4590 and continue the rebound — or break below 4490 and extend the deeper bearish move? 👀
📊 XAUUSD & Forex Trading📈 Intraday setups – risk-managed⏱️ Live alerts + technical reasoning🧠 Consistency over hype📌 Trade the plan. Manage the risk.👉 Full signals & real-time insights
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
📊 XAUUSD & Forex Trading📈 Intraday setups – risk-managed⏱️ Live alerts + technical reasoning🧠 Consistency over hype📌 Trade the plan. Manage the risk.👉 Full signals & real-time insights
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.