Lingrid | GOLD Key Support Zone In Range-Bound Market

is approaching the confluence of the downward trendline and the 3,315 support, forming a potential bullish reversal setup. The structure suggests a base-building phase after the recent correction, aligning with the 61.8% golden zone of the prior swing. A decisive push above 3,340 would confirm momentum toward the 3,400 target. Sustaining this move would keep bulls in control, aiming for a retest of the broader resistance zone.

📉 Key Levels

Buy trigger: Break and close above 3,340
Buy zone: 3,317–3,325
Target: 3,400
Invalidation: Below 3,300

💡 Risks

Failure to break 3,340 resistance could trigger another pullback.
Strong USD data may limit upside potential (PPI, Unemployment data).
Broader downtrend context still in play unless major resistance is breached.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

Trade attivo

is attempting to stabilize after forming a lower low near the 3,325 support, with price showing signs of rejection at the descending black trendline. The blue projection points toward a recovery toward 3,383, aligning with the confluence of the red and blue resistance trendlines. Holding above 3,325 could trigger a corrective leg higher within the broader bullish structure. The current setup favors a short-term bounce before reassessing near the resistance confluence.

Lingrid

🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j

Anche su:

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.

Lingrid

🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j

Anche su: