Summary:
After Trump’s announcement on tariff details, the market became extremely volatile — swinging nearly 100 points up and down.
From a fundamental perspective, the outlook still supports gold. However, during the U.S. session, gold pulled back sharply to a low of 3054, then surged back up to 3136.
This back-and-forth movement raises doubts about whether bullish momentum is weakening.
Given that today’s Non-Farm Payroll (NFP) data is due, Asian and European sessions may stay range-bound between 3100 and 3136.
The suggested strategy for today: Sell high, buy low, use tight risk control, and wait for NFP to shake things up.
Key Levels to Watch:
3170–3175: Bullish target zone
3168: ATH resistance
3150: Psychological midpoint
3136: Bullish/Bearish pivot line
3100: Round-number support
3088: Support
3076: Key intraday support
3054: Final bullish defense line
Short-Term (15m) Strategy:
- For Shorts: Enter a SELL if the price breaks below 3110. Watch 3107 for immediate reaction; if it continues dropping, monitor 3105, 3102, and 3100.
- For Longs: Enter a BUY if the price stabilizes above 3116. Watch 3118 first; if momentum continues, target 3121, 3128, and 3136.
If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support!
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.