Gold is moving slowly and continues to consolidate within a range, while also forming a short-term rising channel inside a larger triangle pattern.
Resistance
4,442 │ 4,465 │ 4,490 │ 4,523 │ 4,565 │ 4,600
Support
4,420 │ 4,406 │ 4,380–4,382 │ 4,360–4,367 │ 4,320 │ 4,303
🎯 TRADING SCENARIOS
For now, I am watching price within the range:
4,440 → 4,380–4,382
If price breaks 4,440 → targets 4,465 → 4,490 → 4,523, and potentially higher if buying momentum remains strong.
If price loses 4,380–4,382 → the short-term rising channel will be invalidated, with potential downside toward 4,360–4,367 → 4,320 → 4,303.
🧠 PERSONAL VIEW
For now, I still favor the BUY side.
Gold is moving slowly, step by step, and may continue to grind higher as it reclaims liquidity and resistance levels above ahead of major data such as CPI.
I am not expecting a sharp move higher at this stage. Instead, I am watching how price consolidates and reacts at both boundaries.
Buy near support │ short-term sell near resistance │ trade in the direction of the breakout.
There is no need to predict the direction yet. Watch the 4,440–4,380 range closely and let the market show which side is gaining control.
Resistance
4,442 │ 4,465 │ 4,490 │ 4,523 │ 4,565 │ 4,600
Support
4,420 │ 4,406 │ 4,380–4,382 │ 4,360–4,367 │ 4,320 │ 4,303
🎯 TRADING SCENARIOS
For now, I am watching price within the range:
4,440 → 4,380–4,382
If price breaks 4,440 → targets 4,465 → 4,490 → 4,523, and potentially higher if buying momentum remains strong.
If price loses 4,380–4,382 → the short-term rising channel will be invalidated, with potential downside toward 4,360–4,367 → 4,320 → 4,303.
🧠 PERSONAL VIEW
For now, I still favor the BUY side.
Gold is moving slowly, step by step, and may continue to grind higher as it reclaims liquidity and resistance levels above ahead of major data such as CPI.
I am not expecting a sharp move higher at this stage. Instead, I am watching how price consolidates and reacts at both boundaries.
Buy near support │ short-term sell near resistance │ trade in the direction of the breakout.
There is no need to predict the direction yet. Watch the 4,440–4,380 range closely and let the market show which side is gaining control.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.