Technical Analysis
Price Structure: Gold has been moving within a clear horizontal range between 3,280 (support) and 3,440 (resistance) since early May.
Current Context: Price recently tested the upper half of the range but failed to break above the 3,380–3,400 short-term resistance zone.
Candlestick Behavior: Recent daily candles show rejection wicks and bearish closes, suggesting loss of bullish momentum.
Trend Bias: The broader trend is sideways, but repeated rejections at the mid-upper channel signal potential for a move lower toward the range bottom.
Volume & Momentum: Lower volume on upward pushes and stronger volume on declines indicate sellers are gradually gaining control.
---
Trade Justification
Risk/Reward Ratio: ~1:2, based on a 32-point stop and 68-point target.
Technical Confirmation: Multiple failed attempts to break mid-range resistance, aligning with a possible bearish impulse move toward support.
Key Level: 3,280 is a strong demand zone where price may find its next major reaction.
Recommendation:
Short entries can be considered at 3,348, with stop loss at 3,380 and take profit at 3,280. Risk should be managed carefully, as this trade is counter to the immediate short-term bounce but in line with the range structure.
Price Structure: Gold has been moving within a clear horizontal range between 3,280 (support) and 3,440 (resistance) since early May.
Current Context: Price recently tested the upper half of the range but failed to break above the 3,380–3,400 short-term resistance zone.
Candlestick Behavior: Recent daily candles show rejection wicks and bearish closes, suggesting loss of bullish momentum.
Trend Bias: The broader trend is sideways, but repeated rejections at the mid-upper channel signal potential for a move lower toward the range bottom.
Volume & Momentum: Lower volume on upward pushes and stronger volume on declines indicate sellers are gradually gaining control.
---
Trade Justification
Risk/Reward Ratio: ~1:2, based on a 32-point stop and 68-point target.
Technical Confirmation: Multiple failed attempts to break mid-range resistance, aligning with a possible bearish impulse move toward support.
Key Level: 3,280 is a strong demand zone where price may find its next major reaction.
Recommendation:
Short entries can be considered at 3,348, with stop loss at 3,380 and take profit at 3,280. Risk should be managed carefully, as this trade is counter to the immediate short-term bounce but in line with the range structure.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。