• Weak U.S. data is boosting hopes for rate cuts, which pushes real yields down and makes gold more attractive.
• Ongoing U.S.–China tensions + Middle East issues are keeping demand for safe-haven gold strong.
• U.S. political uncertainty is weighing on the dollar, making gold cheaper for global buyers.
• April saw the biggest gold ETF buying spree in 3 years, mainly driven by Chinese funds—shows big players are loading up.
Gold still looking 🔥!
🎯 Key Levels:
• Resistance: $3,360 (recent swing high) and $3,380 (Fibonacci extension)
• Support: $3,300–$3,310
🟢 Buy Zone 1: $3,315–$3,320
- SL: $3,310
- TP: $3,335–$3,340
🟢 Buy Zone 2: $3,300–$3,310
- SL: $3,290
- TP: $3,360–$3,380
🟢 Buy Zone 3: $3,280–$3,300
- SL: $3,250
- TP: $3,450–$3,500
🔴 Sell Zone 1: $3,355–$3,360–$3,370
- SL: $3,365–$3,380
- TP: $3,330–$3,325–$3,320–$3,300
🔴 Sell Zone 2: <$3,300
- SL: $3,320
- TP: $3,200–$3,180
• Use tight stop-losses tailored to timeframe (5–10 prices for scalping; 20–30 for intraday; 50 for swing).
• Limit risk per trade to 1–2% of account equity.
• Monitor real-time news on Fed commentary, trade negotiations, and geopolitical events for volatility catalysts.
• Ongoing U.S.–China tensions + Middle East issues are keeping demand for safe-haven gold strong.
• U.S. political uncertainty is weighing on the dollar, making gold cheaper for global buyers.
• April saw the biggest gold ETF buying spree in 3 years, mainly driven by Chinese funds—shows big players are loading up.
Gold still looking 🔥!
🎯 Key Levels:
• Resistance: $3,360 (recent swing high) and $3,380 (Fibonacci extension)
• Support: $3,300–$3,310
🟢 Buy Zone 1: $3,315–$3,320
- SL: $3,310
- TP: $3,335–$3,340
🟢 Buy Zone 2: $3,300–$3,310
- SL: $3,290
- TP: $3,360–$3,380
🟢 Buy Zone 3: $3,280–$3,300
- SL: $3,250
- TP: $3,450–$3,500
🔴 Sell Zone 1: $3,355–$3,360–$3,370
- SL: $3,365–$3,380
- TP: $3,330–$3,325–$3,320–$3,300
🔴 Sell Zone 2: <$3,300
- SL: $3,320
- TP: $3,200–$3,180
• Use tight stop-losses tailored to timeframe (5–10 prices for scalping; 20–30 for intraday; 50 for swing).
• Limit risk per trade to 1–2% of account equity.
• Monitor real-time news on Fed commentary, trade negotiations, and geopolitical events for volatility catalysts.
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.
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.