The new trading week opened with a significant gap down in Gold, sliding below key zones amid easing geopolitical risks and signs of progress in US-China trade relations. This relief reduced safe-haven demand, triggering a sharp selloff during early Asian hours.
🔍 Technical Analysis – M30 Parallel Channel
Gold is currently moving within a downward-sloping parallel channel on the M30 chart. Price action remains bearish, and the gap around 3326–3328 still hasn’t been filled. This gap zone now acts as a major resistance area and a short-term decision point for any recovery attempts.
🗓 Key Events This Week
Traders should prepare for high-impact news and potential volatility spikes as several important US economic indicators are scheduled:
Tuesday: US Consumer Price Index (CPI)
Thursday: US Producer Price Index (PPI)
Thursday Night: Fed Chair Jerome Powell speaks
On top of that, market sentiment could be swayed by tariff updates and geopolitical developments throughout the week.
📌 Trading Sentiment & Bias
The overall market tone remains bearish.
Unless a strong bullish reversal or a confirmed breakout above resistance occurs, the preference remains:
⚠️ Sell on rallies.
Should bulls manage to reclaim the 3326–3328 zone, a short-term recovery could be considered.
🔺 Resistance Zones
3288
3308
3328
🔻 Support Zones
3262
3246
3236
3200
🎯 Trade Opportunities
🔵 Buy Setup
Buy Zone: 3246 – 3244
Stop Loss: 3240
Take Profits:
→ 3250 → 3254 → 3258 → 3262 → 3266 → 3270 → 3280
🔴 Sell Setup (Gap Rejection)
Sell Zone: 3326 – 3328
Stop Loss: 3332
Take Profits:
→ 3322 → 3318 → 3314 → 3310 → 3305 → 3300
🔴 Sell Scalp (Minor Resistance)
Sell Zone: 3306 – 3308
Stop Loss: 3312
Take Profits:
→ 3300 → 3296 → 3290 → 3286 → 3282 → 3278 → 3270
⚠️ Final Notes
Gold is entering a high-risk zone this week with layered economic data and geopolitical narratives. Avoid over-leverage, and always stick to your SL/TP strategy. Be ready to adapt quickly — unexpected spikes and traps are likely.
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🟡 Let Price lead, not emotions.
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