✅ Gold exhibited an irregular box-range consolidation this week, with frequent directional shifts and weak trend continuity. The price tested the 3375 level twice but failed to break through effectively, followed by significant pullbacks each time—indicating clear selling pressure around that area. On the technical side, the Bollinger Bands on both the daily and 4-hour charts have contracted simultaneously, suggesting that gold is currently in a consolidation phase, awaiting a breakout to define the next direction. Overall, gold remains trapped within a broad range, with neither the upside nor downside achieving a decisive breakout. Whether the range will be broken—and in which direction—will likely be determined next week.
✅ On Friday, gold mainly trended higher within a narrow range, in line with previous expectations. During the session, we initiated a short position around 3341–3343, took profit near 3333, and subsequently shifted to a long bias. Gold then climbed to around 3361 before entering a sideways consolidation phase, closing the day near 3350. In the absence of major geopolitical news over the weekend, the bullish momentum is expected to continue into next week.
✅ From a technical perspective, the 4-hour moving average system shows a bullish divergence pattern, supporting the current upward trend. Combined with the continuation of the overnight rebound momentum, gold may target the 3380 level in the coming week. The MACD fast line is turning upward near the high zone and may soon form another bullish crossover. Meanwhile, the shrinking green histogram bars suggest that positive momentum could emerge soon. The KDJ indicator still has room to rise before reaching the overbought zone.
✅ Key short-term support levels lie at 3345 and 3340. As long as this zone holds, it can be considered a valid entry point for long positions. On the upside, attention should be paid to the 3375–3380 resistance range, which aligns with previous highs. A successful breakout above this zone could pave the way for further upside potential.
🔴 Key resistance zone: 3375–3380
🟢 Key support zone: 3340–3345
✅ If the 3340 support holds, consider entering long positions on dips, with a target near 3380. If prices approach 3380 and show signs of losing momentum—such as divergence in indicators—it may be appropriate to consider shorting near the top, and then reassess after a pullback toward support.
✅ On Friday, gold mainly trended higher within a narrow range, in line with previous expectations. During the session, we initiated a short position around 3341–3343, took profit near 3333, and subsequently shifted to a long bias. Gold then climbed to around 3361 before entering a sideways consolidation phase, closing the day near 3350. In the absence of major geopolitical news over the weekend, the bullish momentum is expected to continue into next week.
✅ From a technical perspective, the 4-hour moving average system shows a bullish divergence pattern, supporting the current upward trend. Combined with the continuation of the overnight rebound momentum, gold may target the 3380 level in the coming week. The MACD fast line is turning upward near the high zone and may soon form another bullish crossover. Meanwhile, the shrinking green histogram bars suggest that positive momentum could emerge soon. The KDJ indicator still has room to rise before reaching the overbought zone.
✅ Key short-term support levels lie at 3345 and 3340. As long as this zone holds, it can be considered a valid entry point for long positions. On the upside, attention should be paid to the 3375–3380 resistance range, which aligns with previous highs. A successful breakout above this zone could pave the way for further upside potential.
🔴 Key resistance zone: 3375–3380
🟢 Key support zone: 3340–3345
✅ If the 3340 support holds, consider entering long positions on dips, with a target near 3380. If prices approach 3380 and show signs of losing momentum—such as divergence in indicators—it may be appropriate to consider shorting near the top, and then reassess after a pullback toward support.
Trade active
✅Trading Strategy Reference🔰Short Strategy: Sell gold in batches around the 3373–3375 resistance zone. Target 3360–3350; if support breaks, look for a move toward 3340.
🔰Long Strategy: Buy gold in batches around the 3340–3345 support zone. Set a stop loss of 10 points. Target 3360–3370; if resistance breaks, look for a move toward 3380
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+bMC4JZq68qlhM2Q9
✉️VIP Guidance : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+bMC4JZq68qlhM2Q9
✉️VIP Guidance : t.me/Jack_blackwell
Disclaimer
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✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+bMC4JZq68qlhM2Q9
✉️VIP Guidance : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Channel：t.me/+bMC4JZq68qlhM2Q9
✉️VIP Guidance : t.me/Jack_blackwell
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.