BTC $63,634.00 ▲ 0.89% ETH $1,861.09 ▲ 0.22% USDT $0.9989 ▼ 0.02% BNB $591.04 ▲ 1.06% XRP $1.08 ▲ 0.01% SOL $73.53 ▲ 0.66% DOGE $0.0703 ▼ 0.03% SHIB $0.00000489 ▼ 2.34% PEPE $0.00000291 ▲ 0.21% BTC $63,634.00 ▲ 0.89% ETH $1,861.09 ▲ 0.22% USDT $0.9989 ▼ 0.02% BNB $591.04 ▲ 1.06% XRP $1.08 ▲ 0.01% SOL $73.53 ▲ 0.66% DOGE $0.0703 ▼ 0.03% SHIB $0.00000489 ▼ 2.34% PEPE $0.00000291 ▲ 0.21%
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Piyasa

Another Winning Short!

Another Winning Short!

GOLD (US$/OZ) TVC:GOLD

Based on the current 4-hour chart, overhead resistance remains significant. We are monitoring the 4090–4100 range for resistance, with a particular focus on the 4120–4125 level. On the downside, short-term support lies in the 4020–4025 range, with key support at 3990–4000. We maintain a firm bearish stance, looking to sell into rallies where resistance holds.

Gold Trading Strategy:

1. Short gold in the 4090–4100 range; add to short positions if it rebounds to the 4120–4125 range. Set stop-loss at 4133. Target the 4020–4026 range; if that level breaks, look toward 3990–4000.

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