Gold displayed typical volatile range-bound price action throughout the session, with frequent intraday swings that formed clear structural short opportunities within the established trading range.
Price faced consistent selling pressure after retesting the key resistance zone of 4000–3990, triggering a steady downside move toward the 3980 level. After reaching the nearby support area around 3970, bullish technical correction emerged, driving a minor pullback in price and creating temporary range oscillation.
Following the intraday retracement, price rallied once again to the critical resistance zone of 4020–4030, where bearish momentum reasserted itself strongly. This key supply zone effectively capped upside attempts, resulting in a notable downside reaction and completing the intraday range cycle.
Current Market Outlook
The ongoing rebound is purely a short-term technical correction within the broader downtrend, rather than a full trend reversal. The overall market structure remains firmly bearish on higher timeframes, with upside momentum lacking sustainable strength.
Moving forward, intraday rallies toward major resistance levels will continue to offer high-probability bearish setups. The core market bias remains sell-on-strength, and this bearish outlook will remain valid unless price achieves a decisive, sustained breakout above the key upper resistance barrier.
- Sell: 4040 - 4030
- TP: 4000 - 3980 - 3960
Price faced consistent selling pressure after retesting the key resistance zone of 4000–3990, triggering a steady downside move toward the 3980 level. After reaching the nearby support area around 3970, bullish technical correction emerged, driving a minor pullback in price and creating temporary range oscillation.
Following the intraday retracement, price rallied once again to the critical resistance zone of 4020–4030, where bearish momentum reasserted itself strongly. This key supply zone effectively capped upside attempts, resulting in a notable downside reaction and completing the intraday range cycle.
Current Market Outlook
The ongoing rebound is purely a short-term technical correction within the broader downtrend, rather than a full trend reversal. The overall market structure remains firmly bearish on higher timeframes, with upside momentum lacking sustainable strength.
Moving forward, intraday rallies toward major resistance levels will continue to offer high-probability bearish setups. The core market bias remains sell-on-strength, and this bearish outlook will remain valid unless price achieves a decisive, sustained breakout above the key upper resistance barrier.
- Sell: 4040 - 4030
- TP: 4000 - 3980 - 3960
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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.