As of today’s session, Gold (XAUUSD) is trading within a sensitive consolidation phase, with short-term sentiment driven by macroeconomic releases and geopolitical developments.
🔻 Support Range Focus: $3,230 – $3,225
This zone holds strategic importance for the following reasons:
Structural Role: $3,230–$3,225 represents a key demand zone tested multiple times during previous intraday lows—validating it as a potential base for a rebound.
Buy Liquidity Zone: Order flow indicates accumulation around this range, suggesting institutional interest in defending this level.
Confluence Factors:
🎯 Scenarios
🟢 Bullish Rebound Scenario
If the $3,225 support holds:
Upside Targets: $3,248 (pivot), $3,267, and $3,289
Watch for confirmation: bullish engulfing candle or breakout on volume from consolidation range
🔴 Bearish Breakdown Scenario
📊 Momentum & Indicators
🧠 Strategic Takeaway
"$3,230–$3,225 is the critical decision zone. Stay reactive—not predictive. Look for reaction strength, not just the level itself."
🔻 Support Range Focus: $3,230 – $3,225
This zone holds strategic importance for the following reasons:
Structural Role: $3,230–$3,225 represents a key demand zone tested multiple times during previous intraday lows—validating it as a potential base for a rebound.
Buy Liquidity Zone: Order flow indicates accumulation around this range, suggesting institutional interest in defending this level.
Confluence Factors:
- Previous resistance-turned-support
- Fib retracement (38.2% from last rally)
- H1 bullish divergence forming on RSI below 30
🎯 Scenarios
🟢 Bullish Rebound Scenario
If the $3,225 support holds:
Upside Targets: $3,248 (pivot), $3,267, and $3,289
Watch for confirmation: bullish engulfing candle or breakout on volume from consolidation range
🔴 Bearish Breakdown Scenario
- If price breaks below $3,225 with momentum:
- Next supports lie at $3,195 and deeper at $3,167
- Breakdown could accelerate selling as stop-losses trigger under $3,225
📊 Momentum & Indicators
- RSI: Hovering near oversold (H1), suggesting potential for mean reversion
- MACD: Flat to slightly negative, showing loss of upward momentum
- ATR: Contracting, pointing to a likely breakout scenario ahead
🧠 Strategic Takeaway
"$3,230–$3,225 is the critical decision zone. Stay reactive—not predictive. Look for reaction strength, not just the level itself."
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.