Gold: Sell in the 3252-3272 rangeDuring today’s session, gold rebounded steadily from around 3120, ultimately closing near 3240, marking a massive $120 surge. Judging from this momentum, price is likely aiming to fill the gap around 3266.
However, after such a sharp rally, chasing long positions at high levels can be risky — potential for getting trapped is high.
🔍 Gap zone: 3266–3272
📌 Before reaching this zone, resistance exists near 3252
📈 Trading Plan:
If price does not pull back below 3213 after the market opens and instead continues climbing:
👉 Avoid chasing longs.
👉 Consider shorting near the 3252–3272 resistance zone.
If you still want to go long:
✅ Keep your target small
✅ Use a quick in, quick out approach — scalping style
🎯 Manage your positions carefully after strong moves like this.
