Gold began the week with a ranging movement near Friday’s high, showing indecision around a key resistance area.
If price manages to break above the range with a strong bullish candle close, we could quickly see a move toward the first and second red resistance boxes.
However, if price fails to hold this level, a pullback toward the green support zones is likely. From there, traders should look for lower-timeframe confirmations (M3 or M5) to enter long positions.
📌 Key Levels
🟢 Supports:
3,185_3,191
3,152_3,161
3,100_3,135
🔴 Resistance:
3,273_3,285
3,332_3,350
⚠️ Do not enter without confirmation – protect your capital.
🔍 Insight by ProfitaminFX
Agree or disagree? Share your view or drop your chart below. Let's grow together 📈
If price manages to break above the range with a strong bullish candle close, we could quickly see a move toward the first and second red resistance boxes.
However, if price fails to hold this level, a pullback toward the green support zones is likely. From there, traders should look for lower-timeframe confirmations (M3 or M5) to enter long positions.
📌 Key Levels
🟢 Supports:
3,185_3,191
3,152_3,161
3,100_3,135
🔴 Resistance:
3,273_3,285
3,332_3,350
⚠️ Do not enter without confirmation – protect your capital.
🔍 Insight by ProfitaminFX
Agree or disagree? Share your view or drop your chart below. Let's grow together 📈
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.