📊 Market Overview
Gold began the new trading week with an initial correction, falling to fill liquidity gaps in the lower Fair Value Gap (FVG) zones. However, fueled by renewed geopolitical tensions between India and Pakistan over the weekend, gold quickly staged a strong rebound.
Although many market participants anticipated continued bullish momentum into early this week, recent market behavior suggests increased caution. Investors are favoring profit-taking strategies or selling into strength after last week’s significant rally.
During the Asian session today, gold prices rebounded further following escalating geopolitical headlines. The critical question now is:
Will these military tensions propel gold to new all-time highs, or will de-escalation cap its upside potential?
🌐 Key Fundamental Outlook
Despite the safe-haven buying pressure driven by geopolitical risks, gold remains in overbought territory, according to multiple technical indicators.
As a result, traders may be reluctant to initiate new aggressive long positions until more clarity emerges around the geopolitical situation.
This week’s key economic events to monitor:
Wednesday: ADP Employment Change
Friday: Non-Farm Payrolls (NFP)
Expectations: Gold may continue to move sideways with a slight bullish bias ahead of the ADP report, followed by a potential strong adjustment during the NFP release.
👉 Daily updates will be provided as we approach these critical data releases.
🗺 Key Technical Levels Today
Support Zones:
3290
3260
3246
3230
3215
Resistance Zones:
3325
3368
3402
3428
📈 Trading Plan
🔵 Buy Setup
Entry Zone: 3260 – 3258
Stop Loss (SL): 3254
Take Profit (TP):
3264
3268
3272
3276
3280
🔴 Sell Setup
Entry Zone: 3400 – 3402
Stop Loss (SL): 3407
Take Profit (TP):
3396
3392
3388
3384
3380
3370
⚠️ Important Notes for Today
No major economic reports are scheduled for today.
However, the market remains highly sensitive to updates regarding India-Pakistan tensions.
Strict adherence to Stop Loss (SL) and Take Profit (TP) rules is essential to protect your capital amid potential unexpected volatility.
Good luck and safe trading! 🚀
