Post-Trump Volatility: Gold dove from 4800 to 4650 in half an hour. Our 4800 short position just bagged 150 pips! The market is moving fast with heavy swingsālooking for a retracement next. Donāt miss the next move.
Technical Outlook:
Resistance: Short-term ceiling at 4710-4720 (prior support-turned-resistance). Heavy supply at 4740-4760ālook to short any bounces here.
Support: Watching 4640-4600. A clean break below targets the 4500 psychological handle.
Strategy: Play the rangeāSell the Rips, Buy the Dips. > Key Zones: Resistance 4710-4720 | Support 4550-4500.
Gold Short-Term Levels:
š Resistance: 4710-4720 (Flip zone) & 4740-4760. Rally into these levels = Short opportunity.
š Support: 4640-4600. Losing this opens the door to 4500.
Trading Bias: Scalp the range. Sell high, buy low.
Focus: Resistance at 4710-4720, Support at 4550-4500.