📌 Gold Market Context (Today)
• Gold is currently trading around $5,025–$5,056 per ounce on the spot market, showing strength after reclaiming key support recently. �
• Over the past month and year, gold has shown strong gains, and bulls are defending major support zones, keeping the buy-bias alive. �
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📈 Bullish Buy Setup (Intraday / Short-Term)
🧠 Why Buy Now?
✔️ Gold remains above important support levels that buyers are defending — this makes pullbacks attractive for buy-the-dip trading. �
✔️ Macro momentum (risk sentiment, weak dollar, inflation hedge demand) supports upside potential. �
✔️ Recent dip-and-hold near support suggests buyers are stepping in rather than letting price fall below key levels. �
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📉 Trade Levels (Buy Setup)
🟢 Buy Entry Zone:
📍 Buy Gold near $4,970–$5,000 — demand area where buyers tend to step in on pullbacks. �
🎯 Targets (Take Profit):
• Target 1: $5,050–$5,080 — first upside resistance. �
• Target 2: $5,100–$5,150 — next key area if momentum strengthens. �
• Target 3: Above $5,200 — breakout continuation zone. �
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❌ Stop-Loss (Risk Control):
➡️ Place stop below $4,940 — invalidates the buy setup if support breaks.
📊 Expected Price Action
On pullbacks toward $4,970–$5,000, expect buyers to enter and push price back up. �
A break above $5,080–$5,100 with volume could signal strong continuation toward higher targets. �
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If price closes below $4,940, the bullish view weakens and watch for deeper support. �
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