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Home / Analysis / Forex Analysis / Gold Plunges: Peak Performance or Just a Pullback?

Gold Plunges: Peak Performance or Just a Pullback?

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 swings—looking for a retracement next. Don’t miss the next move.
Technical Outlook:

Resistance: Short-term ceiling at 4710-4720 (prior support-turned-resistance). Heavy supply at 4740-4760—look to short any bounces here.

Support: Watching 4640-4600. A clean break below targets the 4500 psychological handle.

Strategy: Play the range—Sell the Rips, Buy the Dips. > Key Zones: Resistance 4710-4720 | Support 4550-4500.
Gold Short-Term Levels:
šŸ“‰ Resistance: 4710-4720 (Flip zone) & 4740-4760. Rally into these levels = Short opportunity.
šŸ“ˆ 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.

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