Friday we saw gold sharply retrace after tagging the 4352 area. Price is now attempting to push higher again, currently trading around 4344 and holding just above the 4334 level.
A sustained break above 4334 would keep bullish momentum intact and open the path toward 4362, with further upside into 4395 if momentum holds.
On the downside, if 4334 gives way, the First Reaction Zone becomes the first area to watch for a bounce. If selling pressure extends and 4270 fails, then focus shifts to the Support Zone as the next potential area where buyers could step back in.
📌Key levels to watch:
Resistance:
4362
4395
Support:
4334
4301
4270
4237
4185
🔎Fundamental focus:
This week is packed with high-impact U.S. data, including Retail Sales, PMI readings, CPI, and key labour market updates. Expect increased volatility and sharp intraday swings as markets reassess inflation and rate expectations. Risk management is key, especially around data releases.
A sustained break above 4334 would keep bullish momentum intact and open the path toward 4362, with further upside into 4395 if momentum holds.
On the downside, if 4334 gives way, the First Reaction Zone becomes the first area to watch for a bounce. If selling pressure extends and 4270 fails, then focus shifts to the Support Zone as the next potential area where buyers could step back in.
📌Key levels to watch:
Resistance:
4362
4395
Support:
4334
4301
4270
4237
4185
🔎Fundamental focus:
This week is packed with high-impact U.S. data, including Retail Sales, PMI readings, CPI, and key labour market updates. Expect increased volatility and sharp intraday swings as markets reassess inflation and rate expectations. Risk management is key, especially around data releases.
Trade fechado: objetivo atingido
Analysis played out. Bearish target reached.
🟡 Free Telegram: t.me/SheTradesGold1
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
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.
🟡 Free Telegram: t.me/SheTradesGold1
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
📊Weekly & Monthly performance reports posted for full transparency.
💎VIP Access: Daily Intraday Custom Levels, live trades & trade management.
👉 t.me/azgoldtrader
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.