Firmly bullish on gold to 3280-3290 areaAs the trading strategy I published in my last article, I am still holding my gold long position. Obviously, I am confident that gold still has the potential and space to rebound. Gold just hit a low of around 3226 during the decline, and did not break the "W" shape structure formed by the recent low of 3207 and the second low of 3215. The oscillating upward structure remains intact, which is conducive to the continued rise of gold; the foreseeable resistance area in the short term is in the 3280-3290 area. Once this area is broken, the area around 3320 is just around the corner!
Trading strategy:
At present, our gold long position has made very good profits, continue to hold it, and let gold fly for a while!
TVC:DXY FOREXCOM:XAUUSD OANDA:XAUUSD CAPITALCOM:GOLD
Xauusdanalysis
Gold long signalThe US inflation data for April released key signals: the core CPI annual rate dropped to 2.8%, and the monthly rate of 0.2% was also lower than expected, indicating that inflation continued to fall. After the data was released, the US dollar index weakened rapidly, and the market's expectations for the Fed's interest rate cut this year increased, and gold once surged. However, affected by the uncertainty of the global tariff situation, some funds chose to take profits, causing the gold price to fall under short-term pressure. The current market is digesting the signal of policy shift, and short-term fluctuations may intensify, but the cooling of inflation and the expectation of policy easing constitute medium-term support for gold.
Technically, gold prices are fluctuating and converging above the key support level of $3,200. The daily Bollinger Bands are closing, and the upper pressure is at 3,275-3,300. If it breaks through 3,275, it is expected to test the gap pressure; 3,220 below forms multiple defense lines. If the 10-day moving average is stable at the 4-hour level, the rebound target can be seen in the 3,275-3,280 range.
Gold long position suggestion: Go long at 3230-3225, stop loss 7 USD, target 3250-3260
Gold maintains range operation in the short termAfter the release of CPI data, spot gold rose slightly by $6 in the short term. The US dollar index quickly fell by about 14 points, hitting an intraday low of around 101.40, reflecting the failure of some traders' expectations of "sticky inflation". However, the decline did not last, and DXY subsequently rebounded by about 18 points to 101.54, indicating buying intervention and reassessment of the data.
From the daily chart, it can be observed that the recent trend of gold prices has shown obvious technical characteristics. Gold prices have formed a clear upward channel since March. After breaking through the 3200 mark in April, it once hit a high of 3499.83, and then fell back. The current gold price is around $3250, which has fallen back to the middle and lower track of the rising channel. The RSI indicator is currently in the neutral zone of 49.94, indicating that there is neither overbought nor oversold, and the market is in a relatively balanced state.
At present, it is recommended to operate in the range. You can try to short in the 3255-3260 area, and the target is around 3220
Analysis and Suggestions on the Trend of GoldToday, the U.S. April CPI data was released, indicating that inflationary pressures have eased, sending a complex signal to the market. This mild data that fell short of expectations, combined with the uncertainty of recent tariff policies, may trigger market expectations of the Federal Reserve's early interest rate cuts, thus weakening the U.S. dollar and providing certain support for gold. As a result, the price of gold rose briefly in the short term. However, gold then turned down again. This may be because the overall risk appetite in the market has rebounded, with major global stock markets surging. More funds have flowed into risk assets such as the stock market, weakening the safe-haven appeal of gold and overshadowing the short-term positive impact of the CPI data on gold.
The overall trend is similar to my analysis yesterday, fluctuating repeatedly within the range. Judging from the current trend of gold, pay attention to the short-term suppression at the level of 3260-3265 above. The strong resistance is around the mark of 3275-3285. Below, pay attention to the support at the level of 3215-3220, and focus on the support at the level of 3200, which is also the dividing line between the strength of bulls and bears. The operation suggestion is mainly to go long on the pullback, and patiently wait to enter the market at the key position. 👉👉👉
XAUUSD trading strategy
buy @ 3220-3225
sl 3200
tp 3240-3250
If you think the analysis is helpful to you, you can give a thumbs-up to show your support. If you have different opinions, you can leave your thoughts in the comments. Thank you!👉👉👉
Gold is in a short-term weak oscillation.Yesterday morning, gold gapped down and continued to decline. It bottomed out near 3207 and rebounded for correction. The fluctuations during the European and American trading sessions were limited, maintaining a narrow trading range. In the US session, it surged to 3248 and then declined. Although it didn't reach a new low, the sideways movement is not a signal of a trend reversal.
This morning, the gold price first dropped and then rebounded to above 3230 and traded sideways. For today's operation, it is recommended to adopt a bearish strategy. The key resistance level is at 3260. If it breaks through this level, the bullish trend may resume. The support level is at 3200, and it is expected that the gold price will trade sideways within this range in the short term.
Technically, the hourly chart shows a sideways movement at a low level with alternating positive and negative K-lines. On the daily chart, the price has broken below the moving average system and the middle band of the Bollinger Bands, indicating a bearish trend for gold in the short term. The operation strategy is as follows: Short when the price rebounds to the range of 3250-3255, with the target price at 3220-3210 and the stop-loss set at 3260. If the market strengthens during the European session, take profits before the US session.
XAUUSD
sell:3250-3255
tp:3220-3200
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
XAUUSD SHORTIt's a beautiful setup , as we see here gold is going down since 6TH of may and it forms a bearish channel , it just tested the lower high of the channel and a resistance . I'm waiting for the market to break and retest the trendline beneath it , then i'll take a short position targeting this support level
XAUUSD | UNPRESIDENTED GOLD RALLY : Where to Next?GOLD has been trading extremely bullish over the past year, with high volume indicating lots of interest and movement in this commodity's market:
Is this where we should be getting worried?
Rapid surges in gold prices have historically been followed by sharp corrections as markets adjust. Three key examples illustrate this;
🧨 the 1980 spike to $850 due to global instability, followed by a 65% drop;
🧨 the 2011 peak near $1,900 driven by economic anxieties, leading to a 40% decline by 2015;
🧨and the 2020 high above $2,075 amid pandemic fears and stimulus, which subsequently settled into a lower range.
Noticing how gold has been trading in a parabolic curve, first corrections are likely to be down the curve (as it has been, historically):
Across past gold peaks ( 1980, 2011, and 2020) and recent record highs, markets share four core similarities:
🎈elevated inflationary expectations,
🎈low or negative real interest‐rate environments,
🎈heightened geopolitical and trade‐war tensions,
🎈aggressive central‐bank and ETF buying.
Today’s gold rally mirrors these patterns, driven by persistent inflation concerns and renewed safe‑haven demand amid Middle East conflicts and Ukraine risk. Aggressive central‑bank and ETF purchases have also replicated past behavior. Emerging‑market central banks have accelerated gold reserves diversification since 2022, just as they did after the 2008 crisis and the Euro‑debt peak in 2011.
Historically, swift peaks have been followed by multi‑year corrections as external conditions normalize. After January 1980’s peak, gold fell by two‑thirds over two years; following 2011’s high, it dropped 40% by 2013. If inflation cools or central banks signal genuine rate normalization, this rally may likewise give way to a sustained consolidation or correction.
Did the BBC just signal the peak??
Recently the BBC warned that while current trade‑war and market volatility parallels past booms, overreliance on gold alone risks miss-timing the eventual downturn when macro fears realize.
Therefore, if the curve breaks, it's likely the beginning of the hard correction.
__________________________
OANDA:XAUUSD
CPI data released. Impact on gold prices?Gold suffered a setback this week; but then it rose to $3,250 and began to fluctuate slightly.
CPI data was released this morning, but it did not have a big impact on gold. The current price is still in a sideways trend.
Two support positions need to be paid attention to today:
Downward $3,230 support line, if it falls below this position, the gold price will quickly reach below $3,200.
Upward $3,270 resistance line, if it breaks through the resistance position strongly, there is hope to try to break through $3,300.
Quaid believes that if the gold price fails to break through today and presents a new trend, it is likely to continue the sideways trend.
Gold market analysis referenceThe short-term market is still affected by geopolitical factors, the easing of the Russian-Ukrainian war, and the consensus reached between Trump and China on the tariff war. These factors are all bearish for gold. Gold has fallen rapidly in the short term and continued to fall yesterday. Yesterday's decline was more than one hundred US dollars, which has changed the short-term upward trend. It will still be the main market for bears in the future. The downward trend of gold prices since 3439 is still continuing. If it falls below the previous low, that is, 3200, the decline will be further expanded and will run towards the target of 2909 in our previous analysis. Everyone can pay attention to this. Gold opened low and went low this week, and it rebounded near the previous low. Now at the four-hour level, a downward trend channel is formed from 3500 to 3440. The current support below the gold price is near 3164. This is the condition that it can fall below the previous low of 3200 before it can continue to push down.
Rebound means short, short-term pressure level focuses on the high point of 3265 as the watershed of strength and weakness. Gold failed to stand on 3265 in the short term, which means that the market is still in the rhythm of short-selling. Our layout during the day is also based on 3265. When the rebound reaches the top near the pressure level, we boldly short! In view of the release of CPI data in the US market, the current volatility of gold prices has slowed down, so it is recommended to keep an eye on it first. If the gold price touches 3270 after the release of the US market data, you can start to arrange short orders to look down at the key support position of 3200. After breaking the position, you can continue to look at the lower track of the downward channel analyzed in the morning near 3160. On the whole, today's short-term operation strategy for gold is to focus on rebound shorting and callback longing. The short-term focus on the upper side is 3265-3270 resistance, and the short-term focus on the lower side is 3200-3160 support. Friends must keep up with the rhythm.
Short order strategy:
Strategy 1: Short (buy short) 20% of the position in batches around 3265-3270 in the early trading of gold, stop loss 10 points, target around 3230-3210, break the position and look at the 3200 line
Long order strategy:
Strategy 2: When gold falls back to around 3200-3205, buy long positions in batches (buy up) of 20% of the position, stop loss 10 points, target around 3230-3250, break the position and look at 3290
CPI data released, golden day analysis and operation layout🗞News side:
1. CPI data is in line with expectations, short-term positive
📈Technical aspects:
As we wrote in the last post, from the 4H point of view, the oversold is serious, and there is a need for rebound correction in the short term. At present, the fluctuation of gold prices is mainly affected by news. Technical analysis and indicators can only be used as a side analysis guide and reference. Gold bottomed out in the morning and rebounded, and the European market continued to rise above 3250. This means that today is not a very weak bear. At the same time, the daily line touches the 30-day moving average support. There is a high probability of turning positive today. The overall idea is to treat the market as a shock.
Intraday gold operation suggestions:
🎁BUY 3240-3250
🎁TP 3260-3270
Looking further towards the 3277 line
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
Gold (XAU/USD) Technical Analysis – Professional InsightAs of today’s session, Gold (XAUUSD) is trading within a sensitive consolidation phase, with short-term sentiment driven by macroeconomic releases and geopolitical developments.
🔻 Support Range Focus: $3,230 – $3,225
This zone holds strategic importance for the following reasons:
Structural Role: $3,230–$3,225 represents a key demand zone tested multiple times during previous intraday lows—validating it as a potential base for a rebound.
Buy Liquidity Zone: Order flow indicates accumulation around this range, suggesting institutional interest in defending this level.
Confluence Factors:
Previous resistance-turned-support
Fib retracement (38.2% from last rally)
H1 bullish divergence forming on RSI below 30
🎯 Scenarios
🟢 Bullish Rebound Scenario
If the $3,225 support holds:
Upside Targets: $3,248 (pivot), $3,267, and $3,289
Watch for confirmation: bullish engulfing candle or breakout on volume from consolidation range
🔴 Bearish Breakdown Scenario
If price breaks below $3,225 with momentum:
Next supports lie at $3,195 and deeper at $3,167
Breakdown could accelerate selling as stop-losses trigger under $3,225
📊 Momentum & Indicators
RSI: Hovering near oversold (H1), suggesting potential for mean reversion
MACD: Flat to slightly negative, showing loss of upward momentum
ATR: Contracting, pointing to a likely breakout scenario ahead
🧠 Strategic Takeaway
"$3,230–$3,225 is the critical decision zone. Stay reactive—not predictive. Look for reaction strength, not just the level itself."
CPI - inflation assessment, gold accumulation⭐️GOLDEN INFORMATION:
Swap markets have now fully priced in a 25 basis point rate cut by the Federal Reserve in September, with expectations for two additional reductions by year-end. This marks a slight shift from last week, when traders had anticipated the first cut as early as July and a total of three rate cuts in 2025.
On the geopolitical front, Indian Prime Minister Narendra Modi stated on Monday that military operations against Pakistan are merely on hold, warning that future actions will depend on Islamabad’s conduct. Meanwhile, Ukrainian President Volodymyr Zelensky expressed willingness to meet Russian President Vladimir Putin later this week, following US President Donald Trump's call for him to "immediately" accept a peace summit invitation in Turkey. Heightened geopolitical risks from these developments could fuel demand for safe-haven assets like gold, reinforcing the metal’s appeal amid ongoing global uncertainty.
⭐️Personal comments NOVA:
CPI assesses the level of inflation in the US economy, gold prices continue to strive to maintain the price range around 3200
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3281- 3283 SL 3288
TP1: $3270
TP2: $3260
TP3: $3250
🔥BUY GOLD zone: $3176 - $3174 SL $3169
TP1: $3185
TP2: $3198
TP3: $3210
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable sell order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
XAUUSDHey traders!
The second trade of the day comes from XAUUSD (Gold).
Yesterday, due to Trump’s recent remarks about agreements with China, gold saw a significant pullback. However, I believe this drop—whether short-term or long-term—is temporary. In fact, from a macro perspective, I still see gold potentially reaching levels like $3600 in the long run.
But as a day trader, I always aim for setups with 1:1.50 or 1:2 risk-to-reward ratios. That’s my focus. Long-term expectations don’t impact my short-term executions.
🔍 One important note: My signals are often sniper entries, and that’s no coincidence. I closely monitor order flow and volume-based price movements. That’s why, if the price starts moving sideways (ranging) after my entry, I tend to manually close the position to protect capital.
🔍 Criteria:
✔️ Timeframe: 15M
✔️ Risk-to-Reward Ratio: 1:2
✔️ Trade Direction: Buy
✔️ Entry Price: 3255.39
✔️ Take Profit: 3265.55
✔️ Stop Loss: 3250.16
🔔 Disclaimer: This is not financial advice. It's a trade I’m taking based on my own system, shared purely for educational purposes.
📌 If you're also interested in systematic and data-driven trading strategies:
💡 Don’t forget to follow the page and subscribe to stay updated on future analyses.
Will gold continue to rise?Hello everyone. Let's discuss the trend of gold this week. If you have a different opinion, you can express your thoughts in the comment area. At present, the first important position of gold is around 3295, and the second is 3320-3330.
3295 is the 382 position of gold in this round. If the rebound does not pass here, then if it falls again next, it is very likely to break the support of 3200.
The second is 3320-3330, which is the gap on Monday. If it goes up, the possibility of filling the gap is also very high.
So, next pay attention to the two positions I mentioned above, 3295 and 3320-30. If you want to sell gold, it is best to wait for these three price positions.
Gold fell and then rose to $3,250. Next trend?News summary:
After two days of negotiations in Geneva, China and the United States announced that they would reduce tariffs on each other in the next three months: the US tariff on Chinese imports would be reduced from 145% to 30%, and China's tariff on US goods would be reduced from 125% to 10%. This news pushed global stock markets up.
Boosted by the agreement, market risk appetite has increased, investors' concerns about the US recession have eased, and expectations for the Fed's aggressive rate cuts this year have also declined accordingly, which has pushed the US dollar to continue to strengthen, and gold, as a traditional safe-haven asset, has come under pressure.
Technical analysis:
Gold prices fell below the 21-day moving average on Monday, when the average was at $3,313, further increasing downside risks. The 14-day relative strength index also fell below the midline for the first time since early April, sending a bearish signal. Buyers are trying to regain control of the situation.
Traders need to pay attention to the release of US CPI data.
I think if the US CPI data is higher than expected, gold prices may start a new round of decline, with the target being $3,145 near the 50-day moving average. The important support level below is $3,100.
On the contrary, if the CPI data is lower than expected, gold prices are expected to re-enter the 21-day SMA, which is currently $3,311. Once this resistance is broken, it will test the trend line resistance at $3,430. If it breaks further, the trend will open up space for gold prices to hit the historical high of $3,500.
Gold still has room to fallThe current market sentiment is undergoing a significant shift from risk aversion to risk appetite. The easing of trade tensions has greatly boosted market risk appetite, leading to a large-scale outflow of funds from safe-haven assets such as gold.
Considering the positive impact of the tariff agreement, gold prices may face further downward pressure. Technical analysis shows that once it falls below the $3,200 mark, the next support level is around $3,150. The further weakening of market risk aversion and the strengthening of the US dollar will continue to suppress gold prices.
The 1-hour moving average of gold continues to cross the downward short position, proving that there is still room for gold to go down. Based on the short-term resistance area near 3250, continue to short gold on rallies.
Gold's short-term rebound is weakAt the daily level, the Bollinger Bands are closing and flattening, and the 5-day moving average and the 10-day moving average are entangled near the middle track. The current price is running below the middle track, and the 5-day moving average has turned downward. The technical side shows that the current gold price is fluctuating and bearish, and the MACD has crossed at a high level. The red column continues to shrink. Intraday operations should focus on high-altitude thinking. Pay attention to the 10-day moving average and the middle track 3250-60 area resistance on the top, and pay attention to the support near the lower track of US$3200 on the bottom.
At the 4-hour level, the current downward trend of shock is more obvious, and the shape is a step-down. Ma5 and Ma10 are glued together and cross below 66ma. MACD death cross is combined with green column volume, and the overall idea of falling back and adjusting is maintained. The 1-hour moving average is still a downward short arrangement. After gold jumped down and opened, there is a large gap. Gold rebounded weakly and continued to fall. It will be difficult to cover the losses in the short term, and it will be covered in the process of roundabouts in the future market.
Gold Price Analysis Major Pullback as Geopolitical Tensions Ease🔥 Gold Price Analysis: Major Pullback as Geopolitical Tensions Ease
Technical Analysis Overview:
Yesterday's sharp decline in gold prices suggests a temporary de-escalation in geopolitical tensions, particularly in terms of the ongoing conflicts and political uncertainties. The global situation seems to be calming down, which has had a significant impact on the market.
From a political and trade perspective, the current price trend seems to be rational, though nothing is set in stone. Key negotiations are still underway, and important agreements may still be signed. After the sharp fall, gold has found some recovery, especially as it returns to liquidity gaps to fill.
Current Viewpoint:
At this stage, I am still expecting a retracement in gold prices, which will present better selling opportunities. While yesterday’s outlook focused on selling, we successfully identified key levels for buying. Today, selling opportunities seem more favorable than buying.
We need a pullback to fill the FVG (Fair Value Gap) and yesterday’s gap, after which gold may undergo another significant adjustment. The political dynamics, along with potential delays in the Federal Reserve's interest rate cuts, could push gold back to $3000 per ounce. If this happens, the rise in gold prices would be easy to foresee.
Short-Term Strategy:
In the short term, we will continue following the market’s wave of corrections. Short positions may be more sustainable, and holding onto them could prove more beneficial in the current environment.
Key Levels to Watch:
Resistance Levels: 3264 – 3278 – 3307 – 3328
Support Levels: 3241 – 3207 – 3196 – 3172 – 3156
Buy Opportunities:
Scalp Buy Zone: 3196 – 3164
SL: 3190
TP: 3200 – 3204 – 3208 – 3212 – 3216 – 3220
Buy Zone: 3158 – 3156
SL: 3152
TP: 3162 – 3166 – 3170 – 3174 – 3178 – 3182 – 3190
Sell Opportunities:
Scalp Sell Zone: 3278 – 3280
SL: 3284
TP: 3274 – 3270 – 3266 – 3260 – 3250 – 3240
Sell Zone: 3328 – 3330
SL: 3334
TP: 3324 – 3320 – 3316 – 3312 – 3308 – 3300 – 3290 – 3280
Upcoming Key News:
In the US session, we are expecting the release of CPI data for this period. As this is a crucial data point for the month, traders should pay attention. Currently, there is not enough information to analyze the CPI in-depth, so I will update you on the developments at the end of the European session, as we head into the US market.
Important Notes:
Ensure that you manage risk effectively and stick to your TP/SL levels to safeguard your account. We are still in a volatile period, and as always, caution is key when navigating these types of market conditions.
Good Luck!
Gold’s Short-Term Setup!!!Gold ( OANDA:XAUUSD ) started to fall today after the news " The United States has dropped its tariffs on Chinese goods to 30%, down from a brutal 145%, while China is slashing its own duties on US imports to just 10%, temporarily, for the next 90 days. "
Gold is moving near a Heavy Support zone($3,198-$3,136) .
In terms of Elliott wave theory , it appears that Gold has completed five downwaves , and we should expect Gold to rise at least to the Resistance zone($3,280-$3,245) .
It is possible that selling pressure on Gold will increase again with the opening of the US marke t. But this analysis is in the short term , and it is likely to hit Target before the US market opens.
The Bullish Engulfing Candlestick Pattern can also be a sign of Gold rising , at least in the short term .
I expect Gold to rise to at least $3,241.890.
Note: Stop Loss(SL): $3204.820
Gold Analyze ( XAUUSD ), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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XAUUSD Gold Possible Move 13/05/2025Major Supply Zones:
Upper Supply Zone around $3,275–$3,285: Strong reaction from this area before the massive drop.
Mid Supply Zone around $3,265 - $3,268: Price has reacted again here.
Trendline Liquidity Grab:
Price moved above the internal rising trendline (liquidity sweep).
The wick into the trendline’s upper side aligns with a key supply zone, followed by rejection = potential shift in structure.
Bearish Rejection from Supply:
Confluence zone (circle area) where price might reverse.
Strong rejection seen right after price tapped this zone. possible entry trigger.
Internal Structure Shift:
If price breaks $3,245 support, that confirms CHoCH (Change of Character).
Bearish FVG could be forming just below the supply zone, which may act as resistance on retests.
📉 Trade Signal (Short Setup)
🔔 Entry:
Sell: $3,265 - 68 (if price returns for a retest of supply zone)
OR
Sell Market: If current bearish candle confirms engulfing with strong momentum
🎯 Targets:
TP1: $3,245 (mid support zone)
TP2: $3,220 (major demand zone at the bottom)
TP3 (swing): $3,210–$3,200
🛡️ Stop-Loss:
Above supply zone high: $3,275+
✅ Confluences for Bearish Bias:
Liquidity sweep above trendline
Supply zone rejection
Structure shifting lower
Price action showing rejection wicks
Clean imbalance zones below (liquidity magnets)
Kindly follow, support, comment and share as well.
XAU/USD: Short-term Operation UpdateAt present, the gold price has broken through 3260. In the short term, we should pay attention to shorting at the resistance level of the Fibonacci retracement during the pullback. The range of 3270-3280 US dollars is the position for shorting, with a stop loss at 3295 US dollars. However, the probability of reaching this position is not high. Meanwhile, we can go long when the price retests the range of 3235-3230 US dollars. The key lies in the US CPI data during the US trading session.
XAU/USD
sell@3270-3280
tp:3240-3230
sl:3290
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
5/12 Gold Trading SignalsGood morning everyone!
Gold opened lower and extended losses today, influenced by easing China–U.S. trade tensions and ceasefire news from India-Pakistan.
The recent rally was largely driven by safe-haven demand amid geopolitical concerns. As tensions ease, gold's retracement is a logical market reaction.
🔍 Technical Outlook:
Gold has now returned to a previous consolidation zone . While some support exists, current candlestick structure and most indicators show no clear bullish reversal yet.
Entering long positions too early may pose short-term risks, so trend trades should wait for stronger confirmation.
For flexible intraday trading, watch:
Support at 3263–3246: Holding this zone could trigger a rebound back toward 3309 resistance.
📌 Trading Recommendations:
✅ Sell Zone: 3306 – 3321
✅ Buy Zone: 3218 – 3198
🔁 Range for Scalp/Short-Term Trades: 3294 – 3263 / 3238 – 3269