Friday we saw gold sharply retrace after tagging the 4352 area. Price is now attempting to push higher again, currently trading around 4344 and holding just above the 4334 level.
A sustained break above 4334 would keep bullish momentum intact and open the path toward 4362, with further upside into 4395 if momentum holds.
On the downside, if 4334 gives way, the First Reaction Zone becomes the first area to watch for a bounce. If selling pressure extends and 4270 fails, then focus shifts to the Support Zone as the next potential area where buyers could step back in.
📌Key levels to watch:
Resistance:
4362
4395
Support:
4334
4301
4270
4237
4185
🔎Fundamental focus:
This week is packed with high-impact U.S. data, including Retail Sales, PMI readings, CPI, and key labour market updates. Expect increased volatility and sharp intraday swings as markets reassess inflation and rate expectations. Risk management is key, especially around data releases.
A sustained break above 4334 would keep bullish momentum intact and open the path toward 4362, with further upside into 4395 if momentum holds.
On the downside, if 4334 gives way, the First Reaction Zone becomes the first area to watch for a bounce. If selling pressure extends and 4270 fails, then focus shifts to the Support Zone as the next potential area where buyers could step back in.
📌Key levels to watch:
Resistance:
4362
4395
Support:
4334
4301
4270
4237
4185
🔎Fundamental focus:
This week is packed with high-impact U.S. data, including Retail Sales, PMI readings, CPI, and key labour market updates. Expect increased volatility and sharp intraday swings as markets reassess inflation and rate expectations. Risk management is key, especially around data releases.
Đóng lệnh: đạt mục tiêu
Analysis played out. Bearish target reached.
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💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
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.
🟡 Free Telegram: t.me/SheTradesGold1
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
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.