📌 Highlights
• The Middle East is heating up again following reports of U.S. airstrikes on Iran and tightened restrictions on oil sales.
• On the H3 timeframe, price is still moving sideways within a consolidation zone, with candles showing both upper and lower wicks, indicating strong tug-of-war between buyers and sellers.
📌 Trading Plan
Resistance: 4170 | 4190–4200 | 4225 | 4250–4260 | 4300–4325
Support: 4095 | 4060 | 4030 | 3970
📌 Personal View
✅ Price is still fluctuating within the H3 sideways range.
✅ Watch price reactions within the 4092–4105 and 4133–4145 zones.
✅ As long as the range is not broken, prioritize trading based on price reactions.
✅ Trade in the direction of the breakout once a zone is broken.
📌 What do you think?
Will gold break upward due to geopolitical factors, or continue to decline following the main trend?
• The Middle East is heating up again following reports of U.S. airstrikes on Iran and tightened restrictions on oil sales.
• On the H3 timeframe, price is still moving sideways within a consolidation zone, with candles showing both upper and lower wicks, indicating strong tug-of-war between buyers and sellers.
📌 Trading Plan
Resistance: 4170 | 4190–4200 | 4225 | 4250–4260 | 4300–4325
Support: 4095 | 4060 | 4030 | 3970
📌 Personal View
✅ Price is still fluctuating within the H3 sideways range.
✅ Watch price reactions within the 4092–4105 and 4133–4145 zones.
✅ As long as the range is not broken, prioritize trading based on price reactions.
✅ Trade in the direction of the breakout once a zone is broken.
📌 What do you think?
Will gold break upward due to geopolitical factors, or continue to decline following the main trend?
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.
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.