Gold is trading around $3,641 per ounce, just shy of its recent highs and pressing resistance zones. Price action suggests we’re in a squeeze between strong resistance up top and support below, waiting for a clean breakout or pullback.
Possible Short / Long Trade Setup:
• Entry (Long): Consider going long if Gold breaks & closes above $3,655-$3,658 with good follow-through and buyer strength.
• Entry (Short): Could consider a short if price rejects that resistance zone ($3,655-$3,658) and shows bearish structure, with confirmation below ~$3,630.
Target Levels:
• 🎯 1st Target Long → $3,670+
• 🎯 1st Target Short → $3,620-$3,616
Invalidation / Risk Zones:
• A sustained close above $3,658 for long trades
• A break below $3,600 would weaken bullish bias and favor more downside
Please hit the like 👍 and comment 💬 to support my post!
Your engagement gets me to drop more setups like this.
Best Regards,
KeswanTrades 🕊️
Disclosure: This is educational only, not financial advice.
Possible Short / Long Trade Setup:
• Entry (Long): Consider going long if Gold breaks & closes above $3,655-$3,658 with good follow-through and buyer strength.
• Entry (Short): Could consider a short if price rejects that resistance zone ($3,655-$3,658) and shows bearish structure, with confirmation below ~$3,630.
Target Levels:
• 🎯 1st Target Long → $3,670+
• 🎯 1st Target Short → $3,620-$3,616
Invalidation / Risk Zones:
• A sustained close above $3,658 for long trades
• A break below $3,600 would weaken bullish bias and favor more downside
Please hit the like 👍 and comment 💬 to support my post!
Your engagement gets me to drop more setups like this.
Best Regards,
KeswanTrades 🕊️
Disclosure: This is educational only, not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.