🟡 What Happened Yesterday
Gold surged strongly yesterday due to escalating geopolitical tensions and a new chapter in the global tariff saga. From top to bottom, the range counted over 1200 pips, marking one of the most volatile sessions in recent weeks.
❓Is the Down Correction Finished or Will It Continue?
Technically, the chart looks bullish at this moment. The descending trendline has been broken, and the 3350 horizontal zone is now forming a confluence support area.
However, I remain cautious.
Despite the bullish signal, this yo-yo price action could continue. The idea that Gold has not yet finished correcting the broader uptrend still persists in my mind and the 3200 level remains a strong candidate for retesting in the appropriate future.
📊 Why I Expect Further Down Correction
The recent spike might be reactionary, not structural
3340–3350 could provide short-term support, but it may not hold long-term
The overall macro structure still leaves room for another leg down
📉 Trading Plan
While the market holds 3340–3350 support, we might see a bounce toward 3400.
But I prefer to stay out for now and I would buy in that zone only with low volume and clear confirmation
If the 3340 zone fails, I’ll start watching for a new drop to 3280 zone and eventually 3200.
🚀 Wait for Confirmation In both cases, bullish or bearish
The key right now is confirmation. Volatility is high, and the narrative shifts fast.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Gold surged strongly yesterday due to escalating geopolitical tensions and a new chapter in the global tariff saga. From top to bottom, the range counted over 1200 pips, marking one of the most volatile sessions in recent weeks.
❓Is the Down Correction Finished or Will It Continue?
Technically, the chart looks bullish at this moment. The descending trendline has been broken, and the 3350 horizontal zone is now forming a confluence support area.
However, I remain cautious.
Despite the bullish signal, this yo-yo price action could continue. The idea that Gold has not yet finished correcting the broader uptrend still persists in my mind and the 3200 level remains a strong candidate for retesting in the appropriate future.
📊 Why I Expect Further Down Correction
The recent spike might be reactionary, not structural
3340–3350 could provide short-term support, but it may not hold long-term
The overall macro structure still leaves room for another leg down
📉 Trading Plan
While the market holds 3340–3350 support, we might see a bounce toward 3400.
But I prefer to stay out for now and I would buy in that zone only with low volume and clear confirmation
If the 3340 zone fails, I’ll start watching for a new drop to 3280 zone and eventually 3200.
🚀 Wait for Confirmation In both cases, bullish or bearish
The key right now is confirmation. Volatility is high, and the narrative shifts fast.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
相關出版品
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。