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After completing the 4067 resistance-to-support transition, gold continued its upward momentum and is now approaching the 4200 level — a new local high and a critical psychological resistance zone.
While some profit-taking pressure is expected near this level, the overall bullish structure remains intact, meaning any pullback could present buying opportunities for traders who missed earlier entries.
If the price retreats from around 4200, watch for support near 4176–4167.
If gold extends higher and stabilizes above 4210, focus on 4193–4187 as the next support area.
The main intraday support sits near 4176, and the primary trading bias remains buying on dips.
⚠️ Note: Upon the first rise above 4220, short-term profit-taking pressure may appear. Avoid chasing the price blindly and stay disciplined.
If the price climbs toward 4250, expect heavier selling pressure and heightened volatility — trade cautiously.
Today's Strategy:
✅ Buy near 4176 (buy the dip)
⚠️ Sell near 4220 (short near resistance)
For conservative traders, focus on buying on pullbacks; for aggressive traders, use scalp entries and manage risk tightly.
After completing the 4067 resistance-to-support transition, gold continued its upward momentum and is now approaching the 4200 level — a new local high and a critical psychological resistance zone.
While some profit-taking pressure is expected near this level, the overall bullish structure remains intact, meaning any pullback could present buying opportunities for traders who missed earlier entries.
If the price retreats from around 4200, watch for support near 4176–4167.
If gold extends higher and stabilizes above 4210, focus on 4193–4187 as the next support area.
The main intraday support sits near 4176, and the primary trading bias remains buying on dips.
⚠️ Note: Upon the first rise above 4220, short-term profit-taking pressure may appear. Avoid chasing the price blindly and stay disciplined.
If the price climbs toward 4250, expect heavier selling pressure and heightened volatility — trade cautiously.
Today's Strategy:
✅ Buy near 4176 (buy the dip)
⚠️ Sell near 4220 (short near resistance)
For conservative traders, focus on buying on pullbacks; for aggressive traders, use scalp entries and manage risk tightly.
Trade active
Gold rallied to around 4220 before encountering selling pressure and then falling. Shorting profits were realized, and the price simultaneously fell into the buying zone, resulting in another profit!Profits came from "a few high-quality opportunities," not "many ineffective trades."
Trade closed: target reached
Gold has rebounded after retracing to around 4176, providing two profitable long positions! Minor support has risen from 4176 to around 4202-4196. Unless support is broken, this rally is likely to break through the previous high of 20. Watch for potential selling pressure in the 36-50 area.If support is broken, the 81-66/36 area will become important short-term support.
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I’ve created a channel where I’ll be posting market analysis and trading signals.
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
Related publications
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.