CFDs on Gold (US$ / OZ)
Long
Updated

Gold buy

180
Hidden Resistance Before Target 1

A supply zone exists around 3,320–3,330, formed by previous consolidation and order flow imbalance.

Price may reject hard here before it even reaches the first target — watch for a bearish engulfing candle in this zone.



3. Trendline Deviation

This pattern doesn’t consider a hidden descending trendline from the July highs.

Even if it bounces, it may face dynamic resistance around 3,350–3,370.



4. Fundamental Volatility Risk

With upcoming U.S. economic data (hinted by the flags), any surprise in inflation, jobs, or Fed decisions could reverse technical predictions instantly.

Don’t rely solely on TA in a macro-heavy environment — hedge or scale into positions.



5. Disrupted Target Roadmap

Target levels shown (3,320 / 3,360 / 3,420) assume smooth bullish movement, but expect a zigzag with potential sharp pullbacks.

Disruption play: If price touches 3,360 and stalls, it might create a lower high, signaling bearish continuation rather than bullish breakout.
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