4/17 Gold Trading Strategy

١٧ أبريل

Yesterday, the escalation of the tariff issue significantly strengthened bullish momentum in gold, leading to a one-sided upward move. There’s no need for lengthy analysis today — in this kind of market condition, the focus should be on identifying sell opportunities. A sustained rally like this is almost always followed by a correction, even without any additional catalyst.

Furthermore, today’s initial jobless claims data may provide an opening for the bears. Even if the data is bullish for gold, the likelihood of another sharp rally is low at this stage.

Today’s Trading Recommendations:

Sell Zone: 3350 – 3390
Ideal for initiating short positions as gold approaches extreme levels.

Buy Zone: 3268 – 3252
Key support zone where long positions can be considered upon a pullback.

Range Trading Zone: 3330 – 3288
Suitable for flexible intraday trades based on market structure and real-time price action.

Summary:
After a strong one-sided surge, gold is now in overbought territory. Look for short setups at resistance zones, especially with potential catalysts like jobless claims data on the horizon. A healthy correction is both expected and necessary before any further sustained move upward.

١٧ أبريل

تم فتح الصفقة

Gold has now fallen below the 3300 level, and today's sell-side strategy once again proved highly accurate. Those who followed the signal should have secured solid profits.

The downtrend remains intact on the 2-hour chart. If the market presents a favorable buy zone, it could offer an excellent opportunity for a new round of long positioning. Stay alert and ready.