4/3 Gold Trading StrategiesTariff concerns and inflation have once again triggered significant volatility in gold. After yesterday’s price surge following news announcements, today’s market opened with continued bullish momentum, reaching around 3170.
For traders who managed to keep up with the market rhythm, this was a golden opportunity—but for those caught on the wrong side, it was a disaster. The persistent price rally has put short sellers under significant pressure. While I hope most of you are in long positions, I also understand that’s not always the case. For those stuck in short trades, the key now is to minimize losses or even turn the situation into a profit.
Based on the current price structure, I expect a high-level pullback. If your short position isn't causing serious damage to your account, holding on could be a viable strategy.
The expected trading range includes a high point at 3166-3178 and a low point at 3138-3123. Additionally, several key technical levels need to be monitored for potential reversals.
Trading Recommendations:
📌 Main Trades:
Sell in the 3166-3182 range
Buy in the 3136-3121 range
📌 Short-Term Scalping:
Be flexible in the 3147-3158 range
Manage your risk carefully and adjust your trades based on market movements! 🚀
