Earlier, gold prices surged to an all-time high of $3,245/oz, but soon encountered selling pressure, triggering a pullback that briefly broke below the $3,200 psychological level, touching intraday lows near $3,193. As of now, the price is consolidating around $3,210, with short-term momentum appearing to fade.
From a technical perspective:
$3,220 represents the right shoulder resistance of a potential short-term head-and-shoulders pattern.
$3,190 acts as a secondary support level.
The $3,180–$3,160 zone marks the lower bound of the intraday base on the hourly chart.
If price action remains capped below $3,220, there is a high likelihood of a downside retest toward the $3,180–$3,170 support band.
📌 Trading Strategy:
Initiate short positions near $3,220, with a protective stop above $3,228. Downside targets lie at $3,180–$3,170, in line with the hourly support range.
From a technical perspective:
$3,220 represents the right shoulder resistance of a potential short-term head-and-shoulders pattern.
$3,190 acts as a secondary support level.
The $3,180–$3,160 zone marks the lower bound of the intraday base on the hourly chart.
If price action remains capped below $3,220, there is a high likelihood of a downside retest toward the $3,180–$3,170 support band.
📌 Trading Strategy:
Initiate short positions near $3,220, with a protective stop above $3,228. Downside targets lie at $3,180–$3,170, in line with the hourly support range.
İşlem aktif
📉 Gold Short-Term Trade SetupSell Entry: $3,207
Stop Loss: $3,217
Target Levels: $3,190 / $3,180
▶️ Price is facing resistance near $3,210 with weakening upside momentum. A potential minor double-top pattern is forming, suggesting a short-term retracement toward support zones.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Market trading is not only as sharp as a falcon, but also as delicate as a painting!
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Only in this way can we ensure continuous profits!
One-to-One membership service:
t.me/Hobart1988
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.