Gold Spot / U.S. Dollar
Long

Gold Medium to Short Term Outlook

92
Gold has shifted into a bullish structure after reclaiming key technical levels.
The strong impulsive move from below $3,300 into the $3,354–$3,370 resistance area reflects renewed buying interest, likely driven by improving sentiment and shifting macroeconomic expectations.

If bulls maintain control and price breaks and holds above $3,354, we could see continuation toward $3,383 and $3,400, with $3,416 marking the next major higher-timeframe resistance. These levels will be critical in determining whether gold resumes a broader bullish trend or begins to stall into a deeper correction.

On the flip side, if gold begins to fade below $3,354, then the $3,335–$3,305 pullback support zone will be key for potential bullish re-entry attempts.
A sustained break below this area would invalidate the current bullish leg and expose the market to a deeper retracement toward $3,289–$3,267, with $3,241–$3,208 acting as the higher-timeframe support floor.

📌 Key Levels to Watch

Resistance
‣ $3,370
‣ $3,383
‣ $3,400
‣ $3,416

Support
‣ $3,335
‣ $3,305
‣ $3,289
‣ $3,267
‣ $3,241
‣ $3,208

🔎 Fundamental Focus
Multiple high-impact U.S. data releases this week, including CPI, PPI, Retail Sales, and Unemployment Claims.
Expect elevated volatility across sessions.

⚠️ Manage your risk around news times. Stay sharp.

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