✅ Technical Analysis:
🔸 Confirmed Resistance at High Levels:
Gold was rejected around the 3328–3330 area, which aligns with our previous assessment of the upper boundary of the descending trend channel. This zone has acted as a key resistance area during multiple past rebounds and is once again proving to be a valid pressure point.
🔸 Consolidation Between 3310 and 3320 After Pullback:
Although gold has pulled back, it has not broken below 3310 decisively, indicating that while bears hold the advantage, there is still buying interest below. Structurally, the overall movement is still a "pullback–rebound–correction" pattern within a broader downtrend.
🔸 Bearish Alignment in the 1-Hour Moving Averages:
Short-term moving averages (MA10/20/60) are still aligned in a bearish formation, with lower highs in each rebound and no clear reversal signal from the candlesticks. The short-term trend remains tilted to the downside, with a higher probability of further pullback if the price fails to break resistance.
🔴 Key Resistance Levels: 3330 / 3345 / 3365
🟢 Key Support Levels: 3307 / 3300 / 3282
✅ Trading Strategy Reference:
🔰 If gold fails to break above the 3328–3330 resistance area, the strategy remains to sell on rallies.
🔰 First support to watch is 3307 / 3300. If 3300 is broken, downside could extend toward the 3282–3275 zone.
🔰 If gold later breaks and closes firmly above 3330 (with a strong bullish candlestick), then a short-term trend reversal is possible, and the next upside targets would be 3345–3365.
🔥 Reminder: Trading strategies are time-sensitive and should be adjusted in real time based on market conditions, especially after key support or resistance levels are broken. If you need more accurate and timely trading signals, feel free to reach out to me directly!
🔸 Confirmed Resistance at High Levels:
Gold was rejected around the 3328–3330 area, which aligns with our previous assessment of the upper boundary of the descending trend channel. This zone has acted as a key resistance area during multiple past rebounds and is once again proving to be a valid pressure point.
🔸 Consolidation Between 3310 and 3320 After Pullback:
Although gold has pulled back, it has not broken below 3310 decisively, indicating that while bears hold the advantage, there is still buying interest below. Structurally, the overall movement is still a "pullback–rebound–correction" pattern within a broader downtrend.
🔸 Bearish Alignment in the 1-Hour Moving Averages:
Short-term moving averages (MA10/20/60) are still aligned in a bearish formation, with lower highs in each rebound and no clear reversal signal from the candlesticks. The short-term trend remains tilted to the downside, with a higher probability of further pullback if the price fails to break resistance.
🔴 Key Resistance Levels: 3330 / 3345 / 3365
🟢 Key Support Levels: 3307 / 3300 / 3282
✅ Trading Strategy Reference:
🔰 If gold fails to break above the 3328–3330 resistance area, the strategy remains to sell on rallies.
🔰 First support to watch is 3307 / 3300. If 3300 is broken, downside could extend toward the 3282–3275 zone.
🔰 If gold later breaks and closes firmly above 3330 (with a strong bullish candlestick), then a short-term trend reversal is possible, and the next upside targets would be 3345–3365.
🔥 Reminder: Trading strategies are time-sensitive and should be adjusted in real time based on market conditions, especially after key support or resistance levels are broken. If you need more accurate and timely trading signals, feel free to reach out to me directly!
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.