Over the past two days, gold has shown strong bullish momentum, retesting higher levels without any significant fundamental trigger. This calls for caution on the buy side, as rapid rallies without fundamental backing often lead to sharp retracements.
Current Bias: Bullish (as long as price stays above $3,370) Buy Zones:$3,417 – Weak support, for aggressive buyers (confirmation needed; stop just below)
$3,398–$3,403 – Stronger demand zone with higher probability setups
Sell Zone (Retracement Opportunity):$3,428–$3,432 – Watch for reversal patterns or VSA signals to confirm short entries
Risk Management Reminder:Markets are volatile. Never risk more than 1% of your capital per trade. Protect your principal and trade only with confirmed setups.
Disclaimer:This analysis is for educational purposes only. MJ Forex Academy is an educational platform and does not provide personalized financial advice. Please do your own research before making any investment decisions.
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