Good afternoon, everyone!
Gold has now entered a resistance zone, and on the 30-minute chart, a technical correction appears likely. This correction typically takes one of two forms:
A direct pullback from current levels;
A minor upward push before the pullback, intensifying the need for correction.
In most cases, the second scenario doesn’t result in a large move—unless it’s accompanied by strong news. Given this setup, today’s trading idea is to:
Start with a small short position near current resistance;
Add to the position if price pushes slightly higher, and patiently wait for a pullback. This strategy has shown over 80% historical success rate.
Key support levels to watch:
If the price rises before pulling back: 3321–3316
If the price drops directly: 3313–3306
On the 4-hour chart, the rebound is not yet complete, so if the pullback finds solid support, there’s still room for buy-side setups in line with the short-term trend.
⚠️ Important: U.S. PMI data will be released during the New York session. Strategy depends on pre-release price positioning:
If price remains below 3312, and the data is bullish → look for long setups.
If price is above 3323, wait for a post-data rally to sell into.
If the data is bearish → consider selling immediately.
Stay flexible, manage your positions wisely, and trade with discipline ahead of the U.S. session.
Gold has now entered a resistance zone, and on the 30-minute chart, a technical correction appears likely. This correction typically takes one of two forms:
A direct pullback from current levels;
A minor upward push before the pullback, intensifying the need for correction.
In most cases, the second scenario doesn’t result in a large move—unless it’s accompanied by strong news. Given this setup, today’s trading idea is to:
Start with a small short position near current resistance;
Add to the position if price pushes slightly higher, and patiently wait for a pullback. This strategy has shown over 80% historical success rate.
Key support levels to watch:
If the price rises before pulling back: 3321–3316
If the price drops directly: 3313–3306
On the 4-hour chart, the rebound is not yet complete, so if the pullback finds solid support, there’s still room for buy-side setups in line with the short-term trend.
⚠️ Important: U.S. PMI data will be released during the New York session. Strategy depends on pre-release price positioning:
If price remains below 3312, and the data is bullish → look for long setups.
If price is above 3323, wait for a post-data rally to sell into.
If the data is bearish → consider selling immediately.
Stay flexible, manage your positions wisely, and trade with discipline ahead of the U.S. session.
I’ve created a channel where I’ll be posting market analysis and trading signals.
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
I’ve created a channel where I’ll be posting market analysis and trading signals.
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.