✅As anticipated in our morning analysis, Gold prices pulled back during the Asian and European sessions, precisely touching the key support zone around 3385. In the U.S. session, futures prices once again drove a strong rally, pushing gold through the 3400-3402 resistance zone and reaching the measured move target after the breakout. The bullish trend remains intact, and our strategy of buying on pullbacks has once again proven effective.
✅Key Technical Levels:
🔴Resistance:
🔸3445-3450: Key resistance zone for swing trades and the primary upside target;
🔸3430: Intraday one-ATR projection level and previous daily closing high;
🟢Support:
🔹3420: Short-term support level; if the price holds above, further upside is likely;
🔹3402-3405: Key support zone and critical stop-loss area for breakout long positions;
🔹3383-3385: Critical support zone and today’s low;
🔹3371-3375: Previous resistance turned support; if broken, the bullish structure needs reassessment.
✅Trading strategy reference:
🔰The overall trend remains strongly bullish, with buying on dips as the primary strategy.
🔰Shorting is only suitable for experienced traders and should be approached with caution and tight risk control.
🔰If gold pulls back but holds above 3405, buying opportunities remain valid;
🔰If the price reaches the 3445-3450 zone and shows signs of exhaustion or bearish reversal, consider reducing long exposure or testing shorts with strict stop-losses.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me🤝
