Sunday’s open saw Gold gap nearly 200 pips due to rising US-Iran tensions, but the move was quickly filled as headlines cooled off. Despite the initial volatility, Gold has now broken its intraday bullish trend, closing below 3344.03.
I’m now expecting a potential test of the higher timeframe bullish trendline that has held since December 2024. If price taps into that zone, I’ll look for high-risk/high-reward buys at 3274.00.
Trade Setup:
HRHR Buys: 3274.00
Safe Buys: Break & hold above 3380.00
Safest Buys: Break above 3428.00
Bearish Bias: Below 3230.00 only
Until then, it’s a waiting game as we track structure and momentum.
I’m now expecting a potential test of the higher timeframe bullish trendline that has held since December 2024. If price taps into that zone, I’ll look for high-risk/high-reward buys at 3274.00.
Trade Setup:
HRHR Buys: 3274.00
Safe Buys: Break & hold above 3380.00
Safest Buys: Break above 3428.00
Bearish Bias: Below 3230.00 only
Until then, it’s a waiting game as we track structure and momentum.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.