Summary:
Iran agreeing to a ceasefire is fundamentally bearish for gold.
From a technical perspective, price is still consolidating within the 3340–3400 range.
A break below 3340 could signal increased bearish momentum.
🔍 Key Levels to Watch:
• 3400 – Psychological resistance
• 3396 – Resistance
• 3380 – Resistance
• 3365 – Key resistance
• 3350 – Midpoint (bull-bear line)
• 3340 – Critical intraday support
• 3328 – Support
• 3315 – Support
• 3300 – Psychological support
📉 Intraday Strategy:
SELL if price breaks below 3340 → target 3328, then 3319, 3310, 3300
BUY if price holds above 3350 → target 3356, then 3365, 3370, 3375
👉 If you want to know how I time entries and set stop-losses, hit the like button so I know there's interest — I may publish a detailed post by the weekend if support continues!
Disclaimer: This is my personal opinion, not financial advice. Trade with caution and always manage your risk.
Iran agreeing to a ceasefire is fundamentally bearish for gold.
From a technical perspective, price is still consolidating within the 3340–3400 range.
A break below 3340 could signal increased bearish momentum.
🔍 Key Levels to Watch:
• 3400 – Psychological resistance
• 3396 – Resistance
• 3380 – Resistance
• 3365 – Key resistance
• 3350 – Midpoint (bull-bear line)
• 3340 – Critical intraday support
• 3328 – Support
• 3315 – Support
• 3300 – Psychological support
📉 Intraday Strategy:
SELL if price breaks below 3340 → target 3328, then 3319, 3310, 3300
BUY if price holds above 3350 → target 3356, then 3365, 3370, 3375
👉 If you want to know how I time entries and set stop-losses, hit the like button so I know there's interest — I may publish a detailed post by the weekend if support continues!
Disclaimer: This is my personal opinion, not financial advice. Trade with caution and always manage your risk.
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.
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.