Gold Aiming for 4300? Watch U.S. PMI and ADP DataYesterday, gold once again showed a roller-coaster pattern—high-level consolidation, a pullback downward, yet still maintaining strong resilience near the highs. During the U.S. session, it fell to around 4163, but the late session recovered the losses strongly. If gold continues to hold this kind of structure, we may see the daily chart gradually shift into a rising consolidation, bringing the market back to a bull-dominant phase.
Although gold faces short-term profit-taking pressure, multiple factors—including Fed rate-cut expectations, strong central-bank buying, falling U.S. yields, a weaker dollar, and ongoing geopolitical uncertainty—continue to support the upside breakout. Looking ahead, the 5000 target may not be unrealistic. Keep a close eye on the Federal Reserve and upcoming key economic data.
Today, on rebounds, continue to watch the 4236–4245 and 4265 resistance zones; if price approaches but fails to break, consider light short positions. On pullbacks, first monitor 4211–4193, and if that breaks, watch the 4176–4163 support levels.
Price action remains highly repetitive at the moment. Short-term movement shows high-level choppy consolidation with repeated spikes and pullbacks. Maintain your rhythm—avoid chasing trades, and pay attention to disciplined execution.
Yesterday’s public plan was to buy near 4200, short around 4230, then buy again below 4178 and close at 4187, waiting for another dip to re-enter. However, the market turned strong, so we chased lightly in the 4187–4180 area and are still holding. If resistance near 4245 fails to break, the long positions will be closed, and we will shift to short trades.
Therefore, today’s trading plan is:
Sell above 4240
Buy below 4200
