Gold is currently trading near $3,351, consolidating within a tight range after breaking below the ascending trendline from recent higher lows. The market is hovering in a demand zone between $3,342 – $3,360, suggesting indecision before the next move. Gold remains in a short-term consolidation phase, with the broader trend still inside an ascending channel. If buyers hold the $3,342 zone, a rebound toward $3,375–$3,400 is likely. However, sustained pressure below $3,342 could shift momentum in favor of sellers, targeting $3,317 and potentially deeper into the channel support.
🔑 Key Levels to Watch
- Resistance: $3,367 → $3,383
- Support: $3,342 → $3,317 → $3,302
- Breakout Zones: Below $3,338: Opens room to $3,310 and below. Above $3,390: May lead to fresh highs toward $3,410+
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
🔑 Key Levels to Watch
- Resistance: $3,367 → $3,383
- Support: $3,342 → $3,317 → $3,302
- Breakout Zones: Below $3,338: Opens room to $3,310 and below. Above $3,390: May lead to fresh highs toward $3,410+
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Trade attivo
Gold is rebounding from the $3,330 support after holding the upward trendline and defending the recent pullback. Price is coiling within a wedge just below descending resistance, with momentum favoring a bullish continuation. As long as $3,330 holds, buyers could target $3,370–$3,400, while a break below this support may shift bias to bearish toward $3,320–$3,300.
🔑 Key Levels to Watch
- Resistance: $3,360 – $3,370 – $3,380 – $3,400
- Support: $3,345 – $3,330 – $3,320 – $3,300
Trade chiuso: obiettivo raggiunto
Target achieved successfully$58=580 Pips Booked ($3324-$3382 Target)
Gold took a long time to close the trade because the trading volume was very low, which caused the delay.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.