During the trading session on June 19, gold (XAUUSD) experienced significant volatility, breaking below the short-term support zone around 3,370 USD/oz and sharply dropping to an intraday low of approximately 3,350 USD/oz. This support level had been tested multiple times in previous sessions and has often led to price rebounds.
Following the sharp decline, buying pressure emerged, as shown by a strong reversal candlestick accompanied by a volume spike — indicating that buyers are stepping in at this attractive price zone.
Technical Breakdown – 15-Minute Chart
Chart type: XAUUSD, 15-minute timeframe
Support zone: 3,350 (tested and showing reaction)
Nearby resistance: 3,365 – 3,370
Volume: Surged at the bottom, suggesting buying interest.
Pattern: Signs of a temporary bottom (bullish pin bar + supporting volume).
Suggested Trading Strategy
Based on today’s price action and chart structure, consider:
Short-term buy around 3,351 – 3,353 with a stop loss below 3,348.
Take profit targets: 3,365 – 3,372.
Extended strategy: If EMA5 crosses up and locks above 3,370, extend targets to 3,388 – 3,395 during the US session.
Conclusion: 3,350 is Acting as the Final Support Wall
Today’s session shows that sellers are still in control, but technical reactions around 3,350 have formed a strong defense. If price continues to hold this level and volume remains positive, a short-term rebound is highly likely.
However, traders should manage positions with flexibility as the broader trend still leans bearish — only a break and hold above 3,370–3,380 could signal a clearer trend reversal.
Following the sharp decline, buying pressure emerged, as shown by a strong reversal candlestick accompanied by a volume spike — indicating that buyers are stepping in at this attractive price zone.
Technical Breakdown – 15-Minute Chart
Chart type: XAUUSD, 15-minute timeframe
Support zone: 3,350 (tested and showing reaction)
Nearby resistance: 3,365 – 3,370
Volume: Surged at the bottom, suggesting buying interest.
Pattern: Signs of a temporary bottom (bullish pin bar + supporting volume).
Suggested Trading Strategy
Based on today’s price action and chart structure, consider:
Short-term buy around 3,351 – 3,353 with a stop loss below 3,348.
Take profit targets: 3,365 – 3,372.
Extended strategy: If EMA5 crosses up and locks above 3,370, extend targets to 3,388 – 3,395 during the US session.
Conclusion: 3,350 is Acting as the Final Support Wall
Today’s session shows that sellers are still in control, but technical reactions around 3,350 have formed a strong defense. If price continues to hold this level and volume remains positive, a short-term rebound is highly likely.
However, traders should manage positions with flexibility as the broader trend still leans bearish — only a break and hold above 3,370–3,380 could signal a clearer trend reversal.
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙
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️🥇 Exchange and learn market knowledge
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t.me/dnaprofits
Join the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.