Gold has reached a major supply zone near $3,083 - $3,086, where sellers could step in! 📉🔍
🔑 Key Levels to Watch:
🔵 Resistance: $3,083 - $3,086 (Potential reversal zone)
🔵 Support: $3,049 (First target if price drops)
🟠 Demand Zone: $3,020 - $3,030 (Strong buy area)
💡 Possible Scenarios:
1️⃣ Rejection from $3,083: Expect a pullback to $3,049 and possibly $3,020 for a bounce.
2️⃣ Break & Retest Above $3,086: If bulls take control, we could see a push higher!
📊 Trading Plan:
🔴 Look for shorts below $3,083 with stops above $3,090.
🟢 Look for longs near $3,020 if price holds support.
🔥 Will Gold reject or break higher? Comment your thoughts! 👇
🔑 Key Levels to Watch:
🔵 Resistance: $3,083 - $3,086 (Potential reversal zone)
🔵 Support: $3,049 (First target if price drops)
🟠 Demand Zone: $3,020 - $3,030 (Strong buy area)
💡 Possible Scenarios:
1️⃣ Rejection from $3,083: Expect a pullback to $3,049 and possibly $3,020 for a bounce.
2️⃣ Break & Retest Above $3,086: If bulls take control, we could see a push higher!
📊 Trading Plan:
🔴 Look for shorts below $3,083 with stops above $3,090.
🟢 Look for longs near $3,020 if price holds support.
🔥 Will Gold reject or break higher? Comment your thoughts! 👇
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✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅FOR VIP DM: t.me/frankfx22
✅ Dbot dbot.frankfxx.com
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
✅FOR VIP DM: t.me/frankfx22
✅ Dbot dbot.frankfxx.com
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
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.