Market Structure Analysis:
Reversal Signal:
Gold recently surged to a new high of $3,357.6, then quickly reversed and broke below the early-session low, forming a classic “bull trap” or false breakout, suggesting a technical correction could follow in the short term.
Historical Pattern Recurrence:
The current price action mirrors the April 11 and April 3 market structure — early strength followed by steep intraday drops. This indicates a potential trend cooling phase or consolidation window.
🔧 Key Technical Levels:
Primary Support:
$3,292–$3,294: 0.382 Fibonacci retracement level, also the previous session’s confirmed support and breakout point, aligning with the trend channel switch.
Secondary Support Levels (if broken):
$3,283 (green channel line), followed by $3,305 → $3,292 → $3,283 as downside targets.
Resistance Zones:
$3,356–$3,358: Recent high and primary resistance
$3,344–$3,345: Intraday rebound resistance
$3,330–$3,333: European session breakdown level
📊 Trend Bias:
The current pullback is seen as a technical retracement within an intact medium-term bullish trend.
This is considered a consolidation phase, not a trend reversal, providing opportunities for repositioning rather than exit.
🎯 Strategic Trading Guidance:
For Short-Term Traders:
Monitor the $3,292–$3,283 zone for support confirmation. If the area holds, consider buying on dips with tight stops for a rebound play.
For Conservative Traders:
Wait for a breakout above $3,333–$3,356 before entering long positions to confirm bullish resumption.
Risk Management:
Set clear stop-loss levels, avoid chasing breakouts, and stay disciplined amid potential volatility and fake-outs.
Reversal Signal:
Gold recently surged to a new high of $3,357.6, then quickly reversed and broke below the early-session low, forming a classic “bull trap” or false breakout, suggesting a technical correction could follow in the short term.
Historical Pattern Recurrence:
The current price action mirrors the April 11 and April 3 market structure — early strength followed by steep intraday drops. This indicates a potential trend cooling phase or consolidation window.
🔧 Key Technical Levels:
Primary Support:
$3,292–$3,294: 0.382 Fibonacci retracement level, also the previous session’s confirmed support and breakout point, aligning with the trend channel switch.
Secondary Support Levels (if broken):
$3,283 (green channel line), followed by $3,305 → $3,292 → $3,283 as downside targets.
Resistance Zones:
$3,356–$3,358: Recent high and primary resistance
$3,344–$3,345: Intraday rebound resistance
$3,330–$3,333: European session breakdown level
📊 Trend Bias:
The current pullback is seen as a technical retracement within an intact medium-term bullish trend.
This is considered a consolidation phase, not a trend reversal, providing opportunities for repositioning rather than exit.
🎯 Strategic Trading Guidance:
For Short-Term Traders:
Monitor the $3,292–$3,283 zone for support confirmation. If the area holds, consider buying on dips with tight stops for a rebound play.
For Conservative Traders:
Wait for a breakout above $3,333–$3,356 before entering long positions to confirm bullish resumption.
Risk Management:
Set clear stop-loss levels, avoid chasing breakouts, and stay disciplined amid potential volatility and fake-outs.
交易進行
It is recommended that brothers mainly go long and wait for the low signal to be confirmed before entering the market.
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免責聲明
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。