
Gold Mini CFD forum
๏ปฟ
Will brief later trade safe. โ๏ธ
Deeper Pullback towards 3550 3510 possible if sustains below 3585
cmp 3587
tradingview.com/x/xVFnWNZm

Monthly-R4-3510.52 ๐
Weekly-R1-3580.52/R2-3814.52/R3-4048.52/R4-4193.14
Daily--R1-3605.52/R2-3776.40/R3-3947.28/R4-4052.89
Hourly--R1-3426.75/R2-3523.72/R3-3619.29/R4-3678.79
45-minutes-R1-3603.14/R2-3613.51/R3-3623.88/R4-3630.29
After a sharp weekly rally, the daily chart saw a slight 8-day candlestick pullback after seven consecutive days of gains. After regaining support at the 5-day moving average and receiving significant bullish support following Friday's NFP data, the convergence of technical and fundamental factors pushed gold to another all-time high, reaching 3,600. The daily candlestick structure remains bullish.
Price is trading within the upper Bollinger Band, and the RSI is nearing the 80-level. The daily and weekly trends remain bullish, but the RSI is approaching overbought territory, prompting caution for potential corrections. On the four-hour chart, price is trading within the upper middle Bollinger Band, with the moving averages opening upward and remaining within the rising channel. Buy on dips remains the primary trading strategy for gold at the start of the week.
Key Points:
First Support Level: 3572, Second Support Level: 3555, Third Support Level: 3538
First Resistance Level: 3600, Second Resistance Level: 3616, Third Resistance Level: 3636
Trading Strategy:
Buy: 3572-3575, SL: 3564, TP: 3590-3600;
Sell: 3636-3639, SL: 3648, TP: 3620-3610;

Signal Type: SELL
Entry Point: 3,595.33
Stop Loss: 3,600.54
Take Profit (Target): 3,550.76
Risk/Reward Ratio: ~1:8.9 โ
Current Price: 3,586.00
๐ Analysis:
Gold is trading near the top of the channel, showing potential for a bearish reversal. The setup favors a short position with a small stop loss and a strong downside target.

๐น Buy Limit: 3,555 โ 3,576 (POI Buying Zone)
๐น Stop Loss (SL): 3,545
๐น Take Profit (TP): 3,668 โ 3,670
๐ Risk/Reward Ratio (RRR): ~1:4 โ
โก Bias: Bullish โ Trend continuation expected if zone holds.
โจ Safe trading! ๐ข

Attaching link bellow
bloomberg.com/news/articles/2025-09-06/trump-exempts-gold-tungsten-uranium-from-global-tariffs?utm_source=chatgpt.com