The buy signal shared last Friday has already delivered a gain of over $50, and I believe most of you have profited well from it!
Gold is now testing resistance around 3252. Based on current candlestick structure and technical indicators, there’s a high probability of an upside breakout.
📌 Key zones to monitor today:
🔺 Major resistance: 3273–3291
A gap from 3266- 3272 is still open and will likely be filled today or tomorrow.
If bulls break above and hold, we could see a move back toward 3320+ this week.
🔻 Support area: A small unfilled gap also exists near 3200.
If upward momentum weakens, a pullback into this zone becomes highly likely.
📈 Trade Plan for Today:
✴️ Short around 3270
✴️ Buy near 3196
⚠️ Key Levels to Watch:
Support: 3223 / 3202
Resistance: 3248 / 3266
Gold is now testing resistance around 3252. Based on current candlestick structure and technical indicators, there’s a high probability of an upside breakout.
📌 Key zones to monitor today:
🔺 Major resistance: 3273–3291
A gap from 3266- 3272 is still open and will likely be filled today or tomorrow.
If bulls break above and hold, we could see a move back toward 3320+ this week.
🔻 Support area: A small unfilled gap also exists near 3200.
If upward momentum weakens, a pullback into this zone becomes highly likely.
📈 Trade Plan for Today:
✴️ Short around 3270
✴️ Buy near 3196
⚠️ Key Levels to Watch:
Support: 3223 / 3202
Resistance: 3248 / 3266
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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.