📊 Summary:
Bullish momentum has weakened somewhat, and ahead of the CPI release, gold may remain range-bound.
On the downside, keep a close eye on the key 4350–4357 support zone. As long as this area holds, it could offer an attractive long opportunity. A break below 4350 could trigger a deeper pullback, potentially toward the 4313–4317 area. From an intraday perspective, if price breaks and holds above 4379, I would look to buy pullbacks where support holds.
🔍 Key Levels to Watch:
• 4400 – Resistance
• 4386 – Resistance
• 4379 – Resistance
• 4367 – Support
• 4357 – Key Support
• 4350 – Support
📈 Intraday Strategy:
SELL: If price breaks below 4357 → target 4353, with further downside toward 4350, 4344, 4340
BUY: If price holds above 4379 → target 4382, with further upside toward 4386, 4389, 4394
If you find this helpful or traded using this plan, a like would mean a lot and keep me motivated. Thanks for the support!
Bullish momentum has weakened somewhat, and ahead of the CPI release, gold may remain range-bound.
On the downside, keep a close eye on the key 4350–4357 support zone. As long as this area holds, it could offer an attractive long opportunity. A break below 4350 could trigger a deeper pullback, potentially toward the 4313–4317 area. From an intraday perspective, if price breaks and holds above 4379, I would look to buy pullbacks where support holds.
🔍 Key Levels to Watch:
• 4400 – Resistance
• 4386 – Resistance
• 4379 – Resistance
• 4367 – Support
• 4357 – Key Support
• 4350 – Support
📈 Intraday Strategy:
SELL: If price breaks below 4357 → target 4353, with further downside toward 4350, 4344, 4340
BUY: If price holds above 4379 → target 4382, with further upside toward 4386, 4389, 4394
If you find this helpful or traded using this plan, a like would mean a lot and keep me motivated. Thanks for the support!
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.