Gold Consolidates Near Key Support – Breakout Ahead?
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!
Dagangan aktif
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
Dagangan ditutup: sasaran tercapai
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.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.