GOLD HOLDS $2,900 – KEY LEVELS IN FOCUS
📉 Market Overview:Gold stabilizes at $2,900, sustaining bullish momentum post-False Break from CPI data.
🔺 Higher rates add pressure but don’t change the trend.🔺 Trade tensions support gold after U.S. hikes steel & aluminum tariffs.🔺 Investors watch for new U.S. tariff policies impacting sentiment.
🔹 Gold is back within the ascending price channel, favoring Buy setups at support levels and Sell Scalp trades at strong resistance zones.
💠 Key Resistance & Support Levels🔹 Resistance: 2917 - 2926 - 2936 - 2941🔺 Support: 2874 - 2860 - 2858
🔸 Trading Strategy for Asian & European Sessions
🟢 BUY SCALP: 2874 - 2872❌ SL: 2869✔ TP: 2878 - 2882 - 2886 - 2890 - 2895 - 2900
🟢 BUY ZONE (Longer-term hold): 2860 - 2858❌ SL: 2855✔ TP: 2864 - 2868 - 2872 - 2878 - 2882 - 2900
🔴 SELL SCALP: 2926 - 2928❌ SL: 2932✔ TP: 2922 - 2918 - 2914 - 2910 - 2905
🔴 SELL ZONE: 2940 - 2942❌ SL: 2946✔ TP: 2935 - 2930 - 2925 - 2920 - 2916 - 2912 - 2906
