Gold's Rally May Be a Bull Trap – Watch Resistance at $3,293

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Market Structure:
Gold has rallied toward the $3,275–$3,293 resistance zone, which may act as a distribution level, potentially signaling a short-term top.

Cycle Timing:

Today marks the 34th trading day since the rally began from $2,832 (Feb 28), and

The 8th trading day since the leg from $2,956 (Apr 7) — both are typical cycle inflection points, increasing the likelihood of a price reversal.

Sentiment Drivers:
Price action remains highly reactive to geopolitical news, particularly remarks from Trump, contributing to headline-driven volatility.

🎯 Trade Recommendation:
Short Bias:
If price fails to break and hold above $3,293, consider short entries with downside targets at $3,190–$3,180. Suggested stop-loss above $3,300.

Risk Management:
Exercise caution during high-volatility windows. Use reduced position sizing and strict risk controls to mitigate unexpected price swings.

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