Gold Trading Strategy for next Monday

4 hari lalu

✅From the current short-term structure, gold is exhibiting a typical bearish continuation pattern, indicating that the primary trend remains downward. If gold fails to effectively break above the key resistance level at 3350 next week, it suggests that the prevailing downtrend is likely to continue. The probability of a short-term rebound being capped in this area is relatively high.

✅On the downside, attention should first be given to the 3310 level, which serves as a critical short-term support. A break below this level could open the door for a further decline toward the 3280–3250 zone, where traders should watch for potential bottoming signals or signs of strong support.

✅From the 1-hour chart perspective, short-term moving averages are beginning to turn lower, indicating weakening bullish momentum. Technically, a double top formation has developed, and the price has broken below the neckline, showing a lack of rebound strength. Despite a minor rebound to around 3345 yesterday, the price once again faced resistance and moved lower, reflecting a weak consolidation phase.

✅As such, the 3345–3350 area will be a critical short-term resistance next week. If the market opens higher due to bullish news over the weekend and breaks above this region, gold could regain upward momentum. Conversely, if the price remains suppressed under 3345–3350 and only shows weak rebounds, short-selling opportunities may arise near this zone.

✅Short-Term Trading Strategy:
Main strategy: Sell on rallies, buy on dips

🔴Resistance level: 3345–3350
🟢Support level: 3310–3315

🔰If 3310 is broken, the next support area is 3280–3250.

✅Overall, unless gold breaks above key resistance, the outlook remains moderately bearish with a consolidation bias. Traders are advised to remain flexible and adjust their strategies in response to market news and developments.

✅If your recent trading results haven’t been ideal, feel free to reach out. I’d be happy to help you avoid common pitfalls and improve your performance. I will provide real-time strategy updates during market hours based on price action — stay tuned.

3 hari lalu

Dagangan aktif

🔴Key Resistance Levels:
🔰Short-term Resistance: 3325–3330
🔰Strong Resistance: 3350 – A breakout above this level could lead to a move toward the 3400 psychological level

🟢Key Support Levels:
🔰Initial Support: 3300
🔰Strong Support Zone: 3280–3275
🔰If 3275 is breached, the next downside target is around 3246

✅Short Position Strategy:
Sell in batches if gold rebounds to the 3325–3330 area. Target 3310–3300; if broken, look for further downside toward 3295

✅Long Position Strategy:
Buy in batches on pullbacks to the 3295–3300 area. Target 3305–3315; if broken, look for upside extension toward 3325

✅Note: Trading strategies are time-sensitive. For more real-time setups and updates, feel free to contact me directly!