Buyers Lose Grip as Sellers Take Control — Focus Shifts to 3206 Support
🔍 Market Sentiment Overview:
Gold opened the session with a modest uptick, but the rally was short-lived as sellers quickly overpowered the move, dragging prices down sharply. This type of “climb slow, drop fast” behavior highlights a market losing confidence in its bullish potential.
With geopolitical tensions easing and progress in US-China tariff negotiations, the safe-haven appeal of gold continues to weaken. Most macro indicators are now aligned with the bearish outlook, putting further downside pressure on the yellow metal.
🟠 Summary: Gold is likely to remain within its current downward channel, and any bullish retracements could be capped unless we see a resurgence in demand.
📉 Technical Outlook:
Price action is currently stuck below key resistance levels, with repeated rejections at the top of the descending structure. The market remains reactive to short-term resistance zones, pushing lower into deeper support areas.
Unless a strong reversal signal emerges, the preferred strategy remains:
Sell on rallies.
📌 Key Resistance Zones:
3244
3262
3278
3290
3308
3330
📌 Key Support Zones:
3216
3206
3194
3170
3158
🎯 Trade Setups:
🔴 SELL SCALP
Entry: 3257 – 3259
Stop Loss: 3263
Take Profit:
→ 3253 → 3250 → 3246 → 3242 → 3238 → 3235 → 3230 → 3220
🔴 SELL ZONE
Entry: 3278 – 3280
Stop Loss: 3284
Take Profit:
→ 3274 → 3270 → 3266 → 3262 → 3258 → 3254 → 3250 → 3240 → 3230
🔵 BUY SCALP
Entry: 3196 – 3194
Stop Loss: 3190
Take Profit:
→ 3200 → 3204 → 3208 → 3212 → 3216 → 3220
🔵 BUY ZONE (Long-Term Opportunity)
Entry: 3158 – 3156
Stop Loss: 3152
Take Profit:
→ 3162 → 3166 → 3170 → 3174 → 3178 → 3182 → 3190
⚠️ Final Notes:
Gold continues to respect the bearish channel, and buy setups remain risky as every bounce faces resistance. Pay close attention to the 3222–3206 region for any significant intraday reactions or shift in momentum.
With CPI reports and ongoing US-China headlines in play, the market could flip direction quickly. Be prepared to adjust your strategy based on fresh news or breakout signals.
📌 Reminder: Respect your technical zones. Be reactive, not predictive. Trade smart, and let the price lead.
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