On the Daily chart, after opening at $4,210.80, tested the day’s high at $4,213.05, and day’s low at $4121.61, gold futures are trading at $4,174, has seen a decline of approximately 1.79%, signaling extensive bearish pressure, which could push the futures to test the next support at $4,124.19, where a breakdown could accelerate this slide to test the next support at $4,035 in today’s session.
Intraday Trend : DOWN
Expecting correction up to 4254.50
Trading Strategy for today: Sell on Rise
Pivot Points : 4420.32, 4375.01, 4291.95, 4246.64, 4163.58, 4118.27, 4035.21
Trade setup
Pullback Sell around 4210.69, Higher Sell around 4253.56
Safe swing sell below 4130.00
Safe swing buy above 4278.50