Gold: Two Clear Trading Opportunities

Gold surged to around 3390 after today’s open, but has since started to pull back. The current price is nearing the 30M chart MA60 support zone (around 3352), where a minor rebound may occur.

🔍 Short-Term Focus:

Resistance to watch: MA10 area at 3369–3378

Trading bias: Primarily short from higher levels

🌐 Main Considerations:

There's a large gap left open between 3289–3300, which poses a hidden downside risk.

Resistance remains dense above 3400, and the rally left behind potential to form a double top (M shape) or head-and-shoulders pattern.

Be cautious of bull traps and manage your positions wisely.

📌 Clear Trade Opportunities:

✅ Short above 3400

✅ Look for long entries below 3320

The current structure offers identifiable opportunities. Stay disciplined, manage your risk, and trade with confidence.