As anticipated in my previous idea, Gold successfully broke the Resistance zone at $3,280–$3,245 and touched the first target.
Currently, Gold appears to be completing a pullback to this broken resistance, which now acts as a Support zone ($3,280–$3,245).
My outlook remains bearish in the short term. The price has already entered the Potential Reversal Zone (PRZ) at $3,340–$3,365, where my short position has been activated. The long setup did not trigger as price didn't touch the lower support.
Key Zones:
Support: $3,280 – $3,245 (previous resistance, now flipped)
Resistance / PRZ: $3,340 – $3,365
Worst-case SL: $3,243 — A drop is expected if this level is hit.
Reminder:
Always follow your trading plan and risk management strategy.
This is a personal idea, not financial advice.
Trade safe, and feel free to share your views in the comments!
Status: Trade Active
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