Gold: a gamble position

Jun 8

Hi!

Gold remains under bearish pressure, trading below the 100 SMA and within a descending trend structure. The long setup is a speculative play from a key support zone, aiming for a short-term rebound rather than a trend reversal.

Entry: 4,345–4,355 (retest of the highlighted supply/resistance zone)
Stop Loss: 4,387 - 4423 (above the resistance zone and recent swing high)
Target 1: 4,250
Target 2: 4,200
Final Target: 4,166

Bottom line: Attractive risk-to-reward, but this is a counter-trend gamble with the overall trend still favoring bears.

Jun 9

Trade active

Jun 10

Trade closed: target reached

the second target touched as well

Jun 10

Note

the las target touched