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Gold Intraday Trading Plan 6/11/2025

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Gold has been stuck within 3300 and 3340 for a while. Yesterday after it reached 3347, it quickly dropped and closed the day below 3340. I could see the deceleration of bullish momentum. Currently 12hrly TF also prints a bearish candle. Therefore, I am switching my midterm view to bearish right now.

I am expecting the price to test 3340 again today and watch the price action at this resistance. If it holds, I will sell towards 3290. My ultimate target for today is 3250.

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