Gold dropped sharply into the Pullback Zone during the Asian session after the strong rally into the $3,584 resistance. Price is now trending near the $3,550 level, with the 50MA providing dynamic support.
If buyers can reclaim momentum above $3,550, the path opens toward $3,584, and a clean break there would target $3,608. On the downside, failure to hold above $3,525 risks a deeper retracement into $3,506, with extended weakness pointing toward $3,483 and the lower support zones.
📌 Key Levels to Watch
Resistance:
$3,550
$3,584
$3,608
Support:
$3,525
$3,506
$3,483
$3,462
🔎 Fundamental Focus – Rest of the Week
Markets now turn to the U.S. labor data cluster:
Thursday: ADP Employment, Jobless Claims, ISM Services PMI
Friday: NFP, Unemployment Rate, Wage Growth
These figures are likely to be the main catalysts for gold as the week wraps up.
⚠️ Risk Note: Expect elevated volatility, false breaks, and sharp intraday reversals around data drops. Stay disciplined on risk sizing and avoid chasing moves.
If buyers can reclaim momentum above $3,550, the path opens toward $3,584, and a clean break there would target $3,608. On the downside, failure to hold above $3,525 risks a deeper retracement into $3,506, with extended weakness pointing toward $3,483 and the lower support zones.
📌 Key Levels to Watch
Resistance:
$3,550
$3,584
$3,608
Support:
$3,525
$3,506
$3,483
$3,462
🔎 Fundamental Focus – Rest of the Week
Markets now turn to the U.S. labor data cluster:
Thursday: ADP Employment, Jobless Claims, ISM Services PMI
Friday: NFP, Unemployment Rate, Wage Growth
These figures are likely to be the main catalysts for gold as the week wraps up.
⚠️ Risk Note: Expect elevated volatility, false breaks, and sharp intraday reversals around data drops. Stay disciplined on risk sizing and avoid chasing moves.
🟡 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
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
🟡 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
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.