✅ On Friday, gold prices surged strongly, successfully breaking through the key resistance level of 3345, which pushed the price higher and hit our take-profit target at 3365. The price remains strong, indicating that bullish sentiment continues to dominate the market. However, in the upcoming trades, we need to watch for a secondary pullback to base our next moves on.
✅ From a short-term perspective, if gold fails to break through the resistance zone at 3392-3400 next week, a double top pattern may form, putting pressure on the price. This could lead to a correction. Therefore, pay close attention to the fate of this resistance zone. A breakout above it may push the price higher, while a failure could result in a pullback.
✅ On the daily chart, the Bollinger Bands are starting to narrow, signaling that the current consolidation phase is about to end, and a new trend may emerge. Overall, after two months of consolidation, the probability of a bullish breakout is high, and we expect gold to continue rising in the coming days.
✅ On the 1-hour chart, the price remains in a strong bullish trend. Although the pullbacks have been small, we should not get complacent. Even in strong markets, there’s always a risk of deeper corrections. To avoid chasing prices too high, it's recommended to wait for a secondary pullback before making a decision.
🔴 Upper Resistance: The key resistance zone is currently between 3392-3400. If the price breaks through this area, it may continue to rise, but if not, there’s a risk of a pullback.
🟢 Lower Support: The first support is at 3340, which is a crucial point for the bullish-to-bearish transition. If the price declines further, the second support level is around 3330.
✅ Trade Strategy Reference:
Overall, we expect a pullback opportunity for gold next Monday. The short-term strategy should focus on buying during pullbacks and selling on rebounds. Pay close attention to the resistance zone at 3392-3400 and the support zone at 3340-3330. If the price retraces to 3345-3340, consider buying.
🔥 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!
✅ From a short-term perspective, if gold fails to break through the resistance zone at 3392-3400 next week, a double top pattern may form, putting pressure on the price. This could lead to a correction. Therefore, pay close attention to the fate of this resistance zone. A breakout above it may push the price higher, while a failure could result in a pullback.
✅ On the daily chart, the Bollinger Bands are starting to narrow, signaling that the current consolidation phase is about to end, and a new trend may emerge. Overall, after two months of consolidation, the probability of a bullish breakout is high, and we expect gold to continue rising in the coming days.
✅ On the 1-hour chart, the price remains in a strong bullish trend. Although the pullbacks have been small, we should not get complacent. Even in strong markets, there’s always a risk of deeper corrections. To avoid chasing prices too high, it's recommended to wait for a secondary pullback before making a decision.
🔴 Upper Resistance: The key resistance zone is currently between 3392-3400. If the price breaks through this area, it may continue to rise, but if not, there’s a risk of a pullback.
🟢 Lower Support: The first support is at 3340, which is a crucial point for the bullish-to-bearish transition. If the price declines further, the second support level is around 3330.
✅ Trade Strategy Reference:
Overall, we expect a pullback opportunity for gold next Monday. The short-term strategy should focus on buying during pullbacks and selling on rebounds. Pay close attention to the resistance zone at 3392-3400 and the support zone at 3340-3330. If the price retraces to 3345-3340, consider buying.
🔥 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!
Dagangan aktif
✅ After the opening today, gold surged to 3374, then oscillated and corrected, which aligns with our previous analysis. Although gold opened higher, the upward momentum was not strong, and a pullback is necessary for technical adjustment. Otherwise, it will be difficult to sustain the upward pace. Gold closed at 3355 last Friday, showing a technical pullback in the late session. Due to the influence of international news and tariffs over the weekend, gold opened with strong activity, but after a brief spike, it will return to technical adjustment. The short-term support is first seen at the breakout point of 3340-3345 from last Friday. We will continue to focus on buying during the pullbacks.✅ On the 4-hour chart, short-term support is around 3340-3345. The next key support is seen around 3325-3330. Overall, the trend remains to buy on pullbacks with a bullish bias. The short-term resistance is around 3370-3375. A breakout above this zone could lead to further upside.
✅ On the daily chart, as long as the price does not break below the 3325-3330 level, any pullback is a buying opportunity. Be cautious with any counter-trend short positions, as the bullish trend remains intact.
✅ Trading Strategy Recommendations
The overall strategy remains to buy during pullbacks. Focus on the 3370-3375 resistance zone during rallies, and the 3340-3345 support zone during pullbacks. If gold retraces to 3325-3330 and does not break below, it remains a buying opportunity. Be cautious with short positions against the trend.
🔥Trading Reminder: For specific trading strategies and real-time guidance, feel free to contact me for one-on-one assistance.
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.