Gold has entered a phase of subdued volatility, currently trading around $3,221/oz. This stands in sharp contrast to the previous week’s triple-digit swings, with recent intraday ranges tightening to under $20 — a sign of market indecision and volatility compression.
From a technical perspective:
$3,245/oz remains a critical resistance level, representing the recent swing high.
Support levels are observed at $3,200, with $3,190 acting as the key bull/bear pivot zone.
🎯 Trading Strategy:
Watch for rejection near $3,245 to consider tactical short positions.
If price retraces and holds above $3,190, look for long opportunities on rebound setups.
In the current range-bound environment, traders are advised to stay patient, avoid overtrading, and wait for a decisive breakout to establish conviction positions.
From a technical perspective:
$3,245/oz remains a critical resistance level, representing the recent swing high.
Support levels are observed at $3,200, with $3,190 acting as the key bull/bear pivot zone.
🎯 Trading Strategy:
Watch for rejection near $3,245 to consider tactical short positions.
If price retraces and holds above $3,190, look for long opportunities on rebound setups.
In the current range-bound environment, traders are advised to stay patient, avoid overtrading, and wait for a decisive breakout to establish conviction positions.
Market trading is not only as sharp as a falcon, but also as delicate as a painting!
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Market trading is not only as sharp as a falcon, but also as delicate as a painting!
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.