1. Market Recap
Monday was a nasty day for Gold bulls, with the price slowly bleeding lower until it reached 3340 support.
Since then, price action has been trapped in an annoying range, swinging violently between support and resistance — just like in the final days of last week. Even yesterday’s CPI release failed to spark a real directional move, adding nothing but short-lived noise.
2. The Key Question
Has Gold finished consolidating, and is it ready to break out of this range?
3. Why I Lean Bullish at this Moment
• The recent spike down to 3330 support aligns perfectly with the Fibonacci golden zone.
• Stabilization around 3350 suggests the market is finding a short-term balance point.
• Resistance at 3360 is the critical barrier — once cleared, it could confirm a reversal.
4. Trading Plan
I hold a bullish bias for the near future.
• A confirmed break above 3360 could open the path to 3380 resistance and possibly a fresh test of 3400.
• A sustained drop below 3330 would cancel this scenario and shift the focus back to the downside.
5. Closing Note
Gold is coiled in a range — the next breakout will set the tone. Let’s see if the bulls have the fuel for a move higher. 🚀
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Monday was a nasty day for Gold bulls, with the price slowly bleeding lower until it reached 3340 support.
Since then, price action has been trapped in an annoying range, swinging violently between support and resistance — just like in the final days of last week. Even yesterday’s CPI release failed to spark a real directional move, adding nothing but short-lived noise.
2. The Key Question
Has Gold finished consolidating, and is it ready to break out of this range?
3. Why I Lean Bullish at this Moment
• The recent spike down to 3330 support aligns perfectly with the Fibonacci golden zone.
• Stabilization around 3350 suggests the market is finding a short-term balance point.
• Resistance at 3360 is the critical barrier — once cleared, it could confirm a reversal.
4. Trading Plan
I hold a bullish bias for the near future.
• A confirmed break above 3360 could open the path to 3380 resistance and possibly a fresh test of 3400.
• A sustained drop below 3330 would cancel this scenario and shift the focus back to the downside.
5. Closing Note
Gold is coiled in a range — the next breakout will set the tone. Let’s see if the bulls have the fuel for a move higher. 🚀
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
עסקה פעילה
Gold broke up and it seems it finally "resolved" the range.Interesting to see the daily close because probably a local bottom is in place
עסקה סגורה: היעד הושג
Overnight, XauUsd touched 3370 resistance zone.Buying dips remains the preferred strategy
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פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
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👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.