6/18 Gold Analysis and Trading SignalsGood morning, everyone!
Gold traded within a narrow range yesterday, and the buy signal shared during the session yielded profits. From a technical perspective, the market remains in a rebound phase, with key resistance around 3403. If the price breaks and holds above this level, there’s a good chance we’ll see a move toward the 3418–3428 zone today.
During the Asian and European sessions, the trading bias should remain on the buy side, while in the U.S. session, it may be more favorable to shift toward short setups, mainly due to expectations surrounding the upcoming Fed interest rate decision—an outlook we discussed yesterday.
Key intraday ranges to watch:
Asian–European session: 3362–3413
If price reaches the 3425–3435 zone before the U.S. session, short opportunities may emerge
As always, manage your positions carefully and adapt to key levels as price unfolds.
