Beware of Bear Traps — Avoid Chasing Prices Blindly!

Today, gold rallied up to 3380, then retraced to retest the 1H MA60 (around 3340),
before making another strong upward breakout, surpassing the earlier Asian session high.



📌 This upward move was driven by a combination of key factors:

🔸 Trump’s announcement of new tariffs to be imposed within two weeks

🔸 Rising geopolitical tensions in the Middle East, fueling safe-haven demand

🔸 A weaker-than-expected CPI yesterday

🔸 And an upcoming PPI release later today



📉 Current Price Outlook:

🔺 Strong resistance at 3392, closely watched

🔺 Next resistance zone: 3403–3414

🔻 Key support zones: 3360–3350

⚠️ Also note: the 3289 price gap remains unfilled,
which means downside risks haven’t been fully eliminated — avoid chasing rallies blindly!


✅ Trading Strategy:

Stick with the approach:

📌 Buy near key support, sell near known resistance

📌 Stay alert for news-driven bull traps, and manage risk wisely