GOLD REVERSING FROM A STRONG DROP – WILL THE BULLISH MOMENTUM CONTINUE TODAY?
Gold experienced a highly volatile session, retracing to fill the GAP and provide liquidity for the lost price data area before rebounding in line with its primary trend. After a sharp drop, BUY momentum gradually returned, closing the daily candle with strong bullish pressure.
Although the ISM Manufacturing PMI data came out positive, it had little impact on the price as market sentiment is currently focused on the new US tariff policies, which could add further pressure on safe-haven assets.
So, will Gold continue its upward momentum today, or is this just a technical correction before further downside? 📉📈 Let's track the key price levels for a well-planned strategy! 🚀
⚡️ KEY PRICE LEVELS TODAY
📌 Resistance: 2892 - 2906 - 2916 - 2930
📌 Support: 2880 - 2872 - 2858 - 2845 - 2835
💎 TRADE SETUP
🔹 BUY ZONE: 2846 - 2844
🎯 TP: 2850 - 2854 - 2858 - 2864 - 2870
⛔️ SL: 2840
🔹 SELL ZONE: 2915 - 2917
🎯 TP: 2910 - 2905 - 2900 - 2896 - 2892
⛔️ SL: 2921
⏳ With no major news releases today, the expected price range is 30 - 35 prices. Stick to TP/SL to protect your account! 🚀💰