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.
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.
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.