GOLD – Overview
Gold remains under bearish pressure driven by ongoing geopolitical instability and uncertainty around recent U.S. economic data.
As long as the price trades below 3347, a corrective move toward 3322 is expected.
A 15-minute close below 3322 would likely extend the decline toward 3303, where a rebound may occur.
However, if the price reverses and stabilizes above 3347, this would support a move higher toward 3365 and 3379.
Market Note:
Overall conditions remain highly volatile and unstable, with sharp intraday swings likely.
• Support: 3322 / 3303 / 3281
• Resistance: 3364 / 3379 / 3393
Gold remains under bearish pressure driven by ongoing geopolitical instability and uncertainty around recent U.S. economic data.
As long as the price trades below 3347, a corrective move toward 3322 is expected.
A 15-minute close below 3322 would likely extend the decline toward 3303, where a rebound may occur.
However, if the price reverses and stabilizes above 3347, this would support a move higher toward 3365 and 3379.
Market Note:
Overall conditions remain highly volatile and unstable, with sharp intraday swings likely.
• Support: 3322 / 3303 / 3281
• Resistance: 3364 / 3379 / 3393
Note
The direction Reversed to bullish to get 3379 and 3393 then to 3404
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.