Gold has continued its strong rally, hitting a new all-time high, with bullish sentiment running extremely hot.
However, we must approach this rationally — every new high is usually followed by a technical pullback.
Currently, the 3200 level is a significant psychological resistance, as well as a key threshold for short-term bullish momentum.
From a technical perspective, the sharp recent rally has shown signs of momentum exhaustion, with clear overbought signals emerging.
📌 Strategy Suggestion:
Consider building short positions around the 3188–3200 zone
If 3137 is broken, further downside could extend to 3112–3090
⚠️ Risk Management Notes:
The larger the rally, the stronger the pullback potential
Avoid chasing long positions at these levels to prevent getting trapped at the top
Keep position sizes under control and set stop-losses to guard against sudden volatility
Wishing everyone smooth trades and solid profits!
However, we must approach this rationally — every new high is usually followed by a technical pullback.
Currently, the 3200 level is a significant psychological resistance, as well as a key threshold for short-term bullish momentum.
From a technical perspective, the sharp recent rally has shown signs of momentum exhaustion, with clear overbought signals emerging.
📌 Strategy Suggestion:
Consider building short positions around the 3188–3200 zone
If 3137 is broken, further downside could extend to 3112–3090
⚠️ Risk Management Notes:
The larger the rally, the stronger the pullback potential
Avoid chasing long positions at these levels to prevent getting trapped at the top
Keep position sizes under control and set stop-losses to guard against sudden volatility
Wishing everyone smooth trades and solid profits!
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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.
Related publications
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.