Gold has entered a phase of subdued volatility, currently trading around $3,221/oz. This stands in sharp contrast to the previous week’s triple-digit swings, with recent intraday ranges tightening to under $20 — a sign of market indecision and volatility compression.
From a technical perspective:
$3,245/oz remains a critical resistance level, representing the recent swing high.
Support levels are observed at $3,200, with $3,190 acting as the key bull/bear pivot zone.
🎯 Trading Strategy:
Watch for rejection near $3,245 to consider tactical short positions.
If price retraces and holds above $3,190, look for long opportunities on rebound setups.
In the current range-bound environment, traders are advised to stay patient, avoid overtrading, and wait for a decisive breakout to establish conviction positions.
From a technical perspective:
$3,245/oz remains a critical resistance level, representing the recent swing high.
Support levels are observed at $3,200, with $3,190 acting as the key bull/bear pivot zone.
🎯 Trading Strategy:
Watch for rejection near $3,245 to consider tactical short positions.
If price retraces and holds above $3,190, look for long opportunities on rebound setups.
In the current range-bound environment, traders are advised to stay patient, avoid overtrading, and wait for a decisive breakout to establish conviction positions.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。