Gold Pullback as Expected, Range Trading ContinuesAs I clearly stated last Friday, key resistances are located at 3366 and the stronger zone between 3376–3391. On Friday, the price peaked near 3366 without touching the second resistance band, followed by a pullback — a natural result of recent buying pressure being released and previous trapped positions being closed out.
🎯 Congratulations to those who carefully followed and executed the strategy — you should have captured solid profits from this retracement!
🔍 Current Technical Outlook:
✅ A wave of selling has already been absorbed. Now we watch:
Support strength — if key levels hold, scalping on dips remains valid;
Rebound momentum — short-term indicators favor a bounce, though medium-term structures are still being repaired;
Focus zone: 3355–3357 is a newly created gap resistance, critical for today’s action;
Previously broken supports (3346–3338 and 3324–3318) now serve as resistance and should be watched during any upside attempt.
📈 Trading Strategy:
Today’s price range is relatively contained — stick to selling near resistance, buying near support. If there are any major changes or new developments, I’ll update everyone in time.
