Gold has shown a strong reaction from the demand zone near 3,210–3,227, suggesting buyers are stepping in with conviction. The current bullish momentum is targeting the 3,293 resistance level, where we may see price either break through or reject back toward support for a potential higher low.
Key Levels:
Support Zone: 3,210–3,227 (green box)
Immediate Target/Resistance: 3,293
Major Supply Zone: 3,334–3,366
Two Scenarios to Watch:
1. Bullish Continuation: Price pushes directly to 3,293 and challenges higher supply zones.
2. Healthy Pullback: A retracement to the demand zone before a renewed bullish push.
Traders should watch for price action confirmation at key levels to plan entries. Will gold maintain this bullish momentum or face resistance heat ahead?
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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.