Gold Weekly Chart May Form a Mid-Term Bearish Pattern (3142)

9 Jun

Gold faced resistance near 3338 and has pulled back,
but the 2-hour chart still suggests that the rebound isn’t over yet, with short-term targets at 3340–3350.

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📌 For Long Position Holders:

If you're stuck in long positions, consider adding near 3326–3316 support
to average down the cost and prepare for an exit on the next rebound.

⚠️ However, be mindful of your account risk —
If your position is deeply in the red or the account is under pressure, closing out early might be the smarter move.

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📅 Key Focus This Week: Weekly Chart Signals Critical

🔸 Price is currently testing weekly MA10 — a break below it would target MA20 around 3142

🔸 On the daily chart, MA60 is at 3234, and if support near 3388 breaks,
combined with weak rebound volume, a bearish trend could be confirmed.

In that case, even the 3273 support may fail under bearish momentum.

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📣 Bottom Line: The bullish setup isn’t invalidated yet,
but caution is crucial when trading long —
📉 If momentum fades, adjust your strategy quickly to protect capital.

6 hari lalu

Dagangan aktif

n just 30 minutes, CPI data will be released —
regardless of the result, gold is expected to react strongly.

Currently, gold is at a critical inflection point between bullish and bearish trends:
🔺 Resistance overhead
🔻 A price gap below

Structurally, bears have the advantage,
but bulls are not ready to give up —
⚠️ A bull trap (false rally) is possible today, so trade cautiously.

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📌 Trading Tips:

✅ Avoid overleveraging before the release
✅ Don’t chase early rallies without confirmation
✅ Watch for volume and price action post-release to adapt quickly