Let us wait together for gold to break 3200
GOLD Idea: Let us wait together for gold …
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Do you think this is the final height of gold?
GOLD Idea: Do you think this is the final…
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Yesterday, gold experienced a mild pullback and found support near the 3200 level. As mentioned during intraday updates, as long as 3188 holds, it remains a good opportunity to consider buying. Currently, the price has rebounded above 3220. From the candlestick formation, the trend remains strong, and there is still room for further upside. The previous high near 3245 is likely to be tested again, and there’s potential for a move towards 3260.
However, it’s important to pay close attention to the 3230–3240 zone, which was a key area of trapped long positions from last week. This supply zone hasn’t been fully tested since the last drop, and as prices revisit this area, those looking to break even may create significant selling pressure. If this pressure leads to a rejection, we could see a sharp pullback.
Structurally, a failure to break above this resistance could signal the formation of a short-term top, presenting a tactical opportunity for the bears. Conversely, if gold manages to break and hold above 3245, short-term bullish momentum may continue, though the 3250–3270 region remains a strong resistance zone.
On the downside, if prices retreat again and break below 3188, it will likely confirm a deeper correction. Key support then shifts to the 3158–3147 range, which represents a significant medium-term support zone.
Today’s Trading Recommendations:
Sell Zone: 3250-3270 – A strong resistance area, suitable for initiating short positions for aggressive traders.
Buy Zone: 3158 - 3147 – A technical support region ideal for light long entries if price pulls back.
Range Trading: 3240 -3200 and 3178 -3220 – These zones are suitable for flexible trading strategies based on real-time momentum and price behavior.
Summary:
Gold remains in a short-term bullish trend, but significant resistance lies ahead. Caution is advised when chasing long positions at higher levels. If holding short positions from the 3230+ area, avoid emotional stop-losses—patience could offer better exit opportunities as the market corrects. A bearish setup is brewing, and once a clear direction emerges, volatility may increase rapidly. Be prepared with a solid plan in advance.

Yesterday’s market remained calm without any significant swings, unlike the strong movements we’ve seen previously. Today, however, appears to be a critical turning point as the market prepares for a directional breakout.
📊 Technical Overview:
Gold is showing signs of retesting the resistance around 3240, while short-term support lies at 3194–3188. If this resistance holds and the price fails to break above, a double-top pattern may form—potentially triggering a major drop between Wednesday and Thursday.
If the price breaks above 3240, there may be around $30 of additional upside, but this is likely to mark the formation of a short-term top, followed again by a decline.
🎯 Key Bearish Target Zones: 3137-3106
Whether it breaks upward or downward, a bearish opportunity is building. Stay patient, follow the price action, and avoid emotional decisions to catch the move at the right moment.

Gold continues to fluctuate within the 3220–3200 range, showing a structure of higher lows, suggesting potential for another short-term test toward the 3230 level.
🔍 Key resistance lies near 3240-3250. If the price approaches this level but fails to break through, there's a possibility of forming a double-top pattern, which could trigger a significant bearish move.

Today, gold rebounded but faced strong resistance near the previous high, failing to break through, and then fell below the 3200 level, securing profits for short positions.
Technically, there's a short-term need for a rebound, but the broader trend remains intact.
📌 Key Focus remains on the resistance zone near the previous high. If tested again and fails to break, bearish momentum is likely to continue.

Gold weakens in the short term, backhand shorts
GOLD Idea: Gold weakens in the short term…
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Gold is currently trading around the 3190–3200 zone, showing signs of strong short-term support. If bulls manage to hold the 3196–3188 range, a rebound is likely toward upper resistance levels.
However, a break below 3188 would suggest a potential shift toward a bearish leg, with downside targets near 3160–3137.

Idea: Any pullback in gold is a buyi…
Any pullback in gold is a buying opportunity
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