6/9 Gold Analysis and Trading Signals

8 Haz

Last Friday, gold experienced a sharp drop, briefly testing the 3300 level. From a technical standpoint, the market has started to show early signs of bottom formation, which could materialize either as a double bottom / multiple bottom pattern, or through a direct upside breakout.

If the former unfolds, we expect a stronger and more sustainable rebound.

If it turns into a straight bullish leg, traders should be cautious of potential exhaustion in the rally, which may invite a renewed bearish attack.

📊 Key Macro Focus This Week:
Markets will be primarily influenced by data releases on Wednesday through Friday, including:

Monthly CPI

Initial Jobless Claims

Inflation Expectations

As a result, Monday's trading will be dominated by technical patterns, with a bias toward a corrective rebound. The strategic focus should be on buying near support, with short-term opportunities to sell near key resistance.

📌 Monday Trading Plan:

✅ Buy in the 3303–3286 zone (early base-building area)

✅ Sell in the 3343–3353 zone (overhead resistance)

🔄 Intraday pivot levels for tactical entries:
3338 / 3326 / 3317 / 3309

9 Haz

İşlem aktif

Gold has surged by around $40, delivering solid returns in this rebound. While the price is now approaching a resistance level and may face a short-term pullback, the 1-hour chart still suggests potential for further upside. If a dip occurs, consider looking for new buying opportunities around key support levels.