Gold has extended its recovery after holding above the Pullback Support Zone and is now trading around 3,359, attempting to build momentum toward higher resistance levels.
The structure remains bullish with price trading above both the 50MA and 200MA , which are starting to slope upward and act as dynamic support.
A confirmed break and hold above 3,354 would open the path toward the next resistance cluster at 3,383 and potentially 3,400, with 3,416 and 3,440 as higher-timeframe resistance targets.
If price fails to hold above 3,354 and begins to fade, watch the Pullback Support Zone (3,335–3,305) closely for signs of renewed buying interest.
A clean break below that zone would shift focus to the deeper Support Zone (3,289-3,267) and potentially the HTF Support Zone (3,241–3,208) if selling pressure builds.
📌 Key Levels to Watch
Resistance:
‣ 3,364
‣ 3,383
‣ 3,400
‣ 3,416
Support:
‣ 3,354
‣ 3,335
‣ 3,305
‣ 3,289
‣ 3,267
‣ 3,241
‣ 3,208
🔎 Fundamental Focus
All eyes are on today’s U.S. CPI release
The structure remains bullish with price trading above both the 50MA and 200MA , which are starting to slope upward and act as dynamic support.
A confirmed break and hold above 3,354 would open the path toward the next resistance cluster at 3,383 and potentially 3,400, with 3,416 and 3,440 as higher-timeframe resistance targets.
If price fails to hold above 3,354 and begins to fade, watch the Pullback Support Zone (3,335–3,305) closely for signs of renewed buying interest.
A clean break below that zone would shift focus to the deeper Support Zone (3,289-3,267) and potentially the HTF Support Zone (3,241–3,208) if selling pressure builds.
📌 Key Levels to Watch
Resistance:
‣ 3,364
‣ 3,383
‣ 3,400
‣ 3,416
Support:
‣ 3,354
‣ 3,335
‣ 3,305
‣ 3,289
‣ 3,267
‣ 3,241
‣ 3,208
🔎 Fundamental Focus
All eyes are on today’s U.S. CPI release
Related publications
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.
Related publications
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.