Gold is currently trading near support around 3243, with multiple timeframes indicating sustained bullish momentum:
🔹 30M Chart:
Moving averages are aligned in a bullish formation, support at 3243.
🔹 1H Chart:
Short-term MAs are expanding upward, showing signs of continuation. Watch for resistance at 3263.
🔹 2H Chart:
Support: 3241
Weak resistance: 3261
Strong resistance: 3305
Candlesticks show higher lows, suggesting strength in the bullish trend.
🔹 Technical Note:
There’s a gap between 3266–3272, which has a high chance of being filled today.
📌 Trading Plan (Asia & Europe Sessions):
✅ Buy on dips remains the primary strategy
🎯 First target: 3266–3272 (gap fill)
🎯 Second target: 3282
🎯 Final target: 3298–3326
🔹 30M Chart:
Moving averages are aligned in a bullish formation, support at 3243.
🔹 1H Chart:
Short-term MAs are expanding upward, showing signs of continuation. Watch for resistance at 3263.
🔹 2H Chart:
Support: 3241
Weak resistance: 3261
Strong resistance: 3305
Candlesticks show higher lows, suggesting strength in the bullish trend.
🔹 Technical Note:
There’s a gap between 3266–3272, which has a high chance of being filled today.
📌 Trading Plan (Asia & Europe Sessions):
✅ Buy on dips remains the primary strategy
🎯 First target: 3266–3272 (gap fill)
🎯 Second target: 3282
🎯 Final target: 3298–3326
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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.
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.