Gold in Tight Range – Watch for Breakout at $3,180/$3,245

15 Apr

🔍 Market Overview:
Gold remains in a consolidation phase near multi-year highs, hovering around the $3,200 level. The prior high of $3,245 acts as short-term resistance, while the $3,175–3,180 area offers critical support. Although price momentum has paused, the broader bullish structure remains intact.

Macro catalysts including geopolitical uncertainty, ongoing central bank gold accumulation, and fragile fiscal-monetary dynamics in the U.S. continue to favor long-term bullish positioning.

🔮 Trend Outlook:
Medium-Term Bias: Bullish continuation remains likely, with potential for breakout above $3,245 toward $3,265–3,270.

Short-Term Risk: A breakdown below $3,175 could trigger a deeper retracement to $3,150 or even $3,120.

🎯 Trade Strategies
🟢 Buy on Dip (Primary View)
Entry Zone: $3,185–3,175

Stop Loss: Below $3,165

Targets: $3,220 / $3,245 / $3,265–3,270 (on breakout)

🔴 Tactical Short (Countertrend Idea)
Entry Zone: $3,235–3,245

Stop Loss: Above $3,252

Targets: $3,210 / $3,185

✅ Summary: Maintain a buy-on-dip approach, with tactical short positions at resistance levels. A confirmed breakout above $3,245 warrants bullish continuation trades.

15 Apr

Dagangan aktif

🎯 Entry: Sell at $3,230

🛡️ Stop Loss: Above $3,240

🎯 Target Zone: $3,190 – $3,180

📌 Rationale:
Gold is showing signs of resistance around the $3,230 level, a prior high and congestion zone. Failure to break above $3,240 could lead to a short-term pullback, offering a tactical short opportunity.