This week, gold experienced a historic level of volatility, a truly remarkable movement that left many traders astonished.
During the session, prices tested the 4200–4180 support zone for the first time. The nearly $200 decline effectively released the heavy selling pressure that had been building up in recent days, while also creating new opportunities for bullish entries.
As expected, once prices entered the support region, they rebounded strongly, closing above 4250 with a recovery of nearly $70 (all of which I had clearly indicated in advance).
From the 30-minute chart, the candlestick structure still suggests further upside potential. However, given the weekend uncertainty, any unexpected bearish news could trigger a pullback when markets reopen on Monday.
If no major negative developments occur, bullish momentum may continue to drive gold higher. Resistance is likely to be concentrated around the 4280–4300 zone — once price enters this region, both short-term buyers and trapped long positions may start adjusting their holdings, which could increase the likelihood of a short-term correction.
On the 4-hour chart, this nearly $500 rally has just completed its first test of the MA30 support. The MA5 (near 4270) currently acts as the key resistance, followed by MA10 (around 4292).
If during consolidation, the price can hold above MA20 (around 4246), it will likely attract renewed buying interest, potentially driving prices back toward 4380 or even higher.
Conversely, if prices remain under pressure and fail to stay above the MA20, attention should shift to the MA30 support. A break below this level could open the way to a test of the MA60(near 4100).
Therefore, for next week’s trading, these levels will be our key focus points.
As I mentioned earlier this week, the medium-term long positions have been closed, and we will wait for new opportunities to emerge. If the market drops toward 4100 or even lower, I will consider re-entering long positions from those lower levels.
A friendly reminder — always align your trading strategy with your own risk tolerance and financial situation. Medium-term setups require patience and strong risk-bearing capacity. If your current condition doesn’t allow for that, please avoid blind following to prevent unnecessary losses.
Lastly, note that gold still has two unfilled gaps around 4019–4024 and 3887–3898. If the trend turns bearish, these gaps may present potential trading opportunities.
That’s all for today.
We’ll discuss specific intraday trading opportunities when the market opens.
If you have any questions or need guidance, feel free to leave me a message.
During the session, prices tested the 4200–4180 support zone for the first time. The nearly $200 decline effectively released the heavy selling pressure that had been building up in recent days, while also creating new opportunities for bullish entries.
As expected, once prices entered the support region, they rebounded strongly, closing above 4250 with a recovery of nearly $70 (all of which I had clearly indicated in advance).
From the 30-minute chart, the candlestick structure still suggests further upside potential. However, given the weekend uncertainty, any unexpected bearish news could trigger a pullback when markets reopen on Monday.
If no major negative developments occur, bullish momentum may continue to drive gold higher. Resistance is likely to be concentrated around the 4280–4300 zone — once price enters this region, both short-term buyers and trapped long positions may start adjusting their holdings, which could increase the likelihood of a short-term correction.
On the 4-hour chart, this nearly $500 rally has just completed its first test of the MA30 support. The MA5 (near 4270) currently acts as the key resistance, followed by MA10 (around 4292).
If during consolidation, the price can hold above MA20 (around 4246), it will likely attract renewed buying interest, potentially driving prices back toward 4380 or even higher.
Conversely, if prices remain under pressure and fail to stay above the MA20, attention should shift to the MA30 support. A break below this level could open the way to a test of the MA60(near 4100).
Therefore, for next week’s trading, these levels will be our key focus points.
As I mentioned earlier this week, the medium-term long positions have been closed, and we will wait for new opportunities to emerge. If the market drops toward 4100 or even lower, I will consider re-entering long positions from those lower levels.
A friendly reminder — always align your trading strategy with your own risk tolerance and financial situation. Medium-term setups require patience and strong risk-bearing capacity. If your current condition doesn’t allow for that, please avoid blind following to prevent unnecessary losses.
Lastly, note that gold still has two unfilled gaps around 4019–4024 and 3887–3898. If the trend turns bearish, these gaps may present potential trading opportunities.
That’s all for today.
We’ll discuss specific intraday trading opportunities when the market opens.
If you have any questions or need guidance, feel free to leave me a message.
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.
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.