Macro Highlights
• Gold is moving sideways on the H3 timeframe and continues to consolidate ahead of tomorrow’s Core PCE data.
• In the short term, it is better to watch price reaction within the current range before a clear breakout occurs.
📌 Trading Plan
Upper range: 4098–4102
Lower range: 4060–4048
Resistance: 4135–4145 | 4185 | 4210
If price breaks below the range:
4023 → 4000 → 3990 → 3950 → 3900
📌 Personal View
✅ I prefer watching the sideways range.
✅ No need to chase trades before PCE.
✅ I expect price to keep consolidating today and wait for momentum from tomorrow’s news.
📌 What do you think?
Hold the range or move to 4000?
• Gold is moving sideways on the H3 timeframe and continues to consolidate ahead of tomorrow’s Core PCE data.
• In the short term, it is better to watch price reaction within the current range before a clear breakout occurs.
📌 Trading Plan
Upper range: 4098–4102
Lower range: 4060–4048
Resistance: 4135–4145 | 4185 | 4210
If price breaks below the range:
4023 → 4000 → 3990 → 3950 → 3900
📌 Personal View
✅ I prefer watching the sideways range.
✅ No need to chase trades before PCE.
✅ I expect price to keep consolidating today and wait for momentum from tomorrow’s news.
📌 What do you think?
Hold the range or move to 4000?
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.