Gold is currently trading around $3688, just above the 3675–3680 breakout zone, which has now turned into a crucial support. Price is moving within an upward channel, but the recent breakout above equal highs and the labeling of a “weak high” suggest that buyers may still push towards the 3740–3750 resistance area before facing stronger rejection. A decisive break above the $3,700–3,750 zone would open the way to targets in the $3,800+ region and eventually toward $4,000 if the Fed proves dovish and ETF/central-bank demand remains strong.
However, failure to hold above 3680 would shift momentum back towards the lower channel, where immediate supports lie at 3565, 3530, and 3498. A deeper breakdown below these levels would open the door for further downside towards the 3440–3400 zone. Any surprise hawkish Fed commentary, a meaningful USD recovery, or a quick drop in inflation expectations could trigger sharper mean-reversion.
Buy Zone & Buy Trigger:
- Buy Zone: 3670 – 3680 area
- Buy Trigger: A clean breakout and 4H close above 3700 will be a buy trigger.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
However, failure to hold above 3680 would shift momentum back towards the lower channel, where immediate supports lie at 3565, 3530, and 3498. A deeper breakdown below these levels would open the door for further downside towards the 3440–3400 zone. Any surprise hawkish Fed commentary, a meaningful USD recovery, or a quick drop in inflation expectations could trigger sharper mean-reversion.
Buy Zone & Buy Trigger:
- Buy Zone: 3670 – 3680 area
- Buy Trigger: A clean breakout and 4H close above 3700 will be a buy trigger.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Trade ativo
Gold maintaining strong support above 3650 after a healthy corrective pullback. As long as the price is above 3650-60 area gold can retest the 3710 breakout zone and a strong breakout above the $3,710 zone could pave the way for a move toward the $750 region. Overall, bullish momentum remains in control unless the key support is broken.
Trade fechado: objetivo atingido
Target achieved successfully$90=900 Pips Booked ($3,670-$3,760 Target)
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.