GOLD-Sell in the 3128-3138 rangeThe buy orders placed at 3121-3124 yesterday successfully reached the take-profit zone of 3132-3138 today, after which the price also entered the short-selling zone of 3135-3145, leading to another profitable trade.
As of now, the 3124 support remains intact, but bullish momentum has significantly weakened. Without further fundamental catalysts, a technical-based approach suggests prioritizing short positions, as the recent surge of over $130 makes a technical correction increasingly imminent.
Trading Strategy for Today:
📉 Sell in the 3128-3138 range
📈 Buy in the 3103-3093 range