Gold remains in a bullish structure after breaking above the $3,348 level late last week. Price has since advanced into the $3,368–$3,387 resistance zone and is currently consolidating just beneath $3,387.
A clean break and hold above $3,387 would open the path toward the next upside level at $3,422, with $3,445 as the higher target above.
If price rejects here, watch for a pullback into the $3,358–$3,344 zone. This area is now acting as the first support, backed by the rising 50MA which may act as dynamic support. If buyers fail to hold that zone, focus shifts to the $3,329–$3,313 pullback zone — a deeper support where the 200MA is also positioned, adding confluence.
Failure to hold that area would open the door to a drop into the Secondary Support Zone around $3,295–$3,281, followed by the HTF Support Zone at $3,229–$3,208 if bearish pressure accelerates.
📌 Key Levels to Watch
Resistance:
‣ $3,387 ‣ $3,422 ‣ $3,445
Support:
‣ $3,358 ‣ $3,344 ‣ $3,329 ‣ $3,313 ‣ $3,295 ‣ $3,281 ‣ $3,254
🔎Fundamental Focus:
Today’s key event: ISM Services PMI (4:00pm) – high-impact for USD and gold volatility.
Earlier data (Trade Balance, PMI) may cause intraday spikes.
⚠️ Risk Reminder:
Avoid chasing. Let price react, then confirm. Stay sharp around news.
A clean break and hold above $3,387 would open the path toward the next upside level at $3,422, with $3,445 as the higher target above.
If price rejects here, watch for a pullback into the $3,358–$3,344 zone. This area is now acting as the first support, backed by the rising 50MA which may act as dynamic support. If buyers fail to hold that zone, focus shifts to the $3,329–$3,313 pullback zone — a deeper support where the 200MA is also positioned, adding confluence.
Failure to hold that area would open the door to a drop into the Secondary Support Zone around $3,295–$3,281, followed by the HTF Support Zone at $3,229–$3,208 if bearish pressure accelerates.
📌 Key Levels to Watch
Resistance:
‣ $3,387 ‣ $3,422 ‣ $3,445
Support:
‣ $3,358 ‣ $3,344 ‣ $3,329 ‣ $3,313 ‣ $3,295 ‣ $3,281 ‣ $3,254
🔎Fundamental Focus:
Today’s key event: ISM Services PMI (4:00pm) – high-impact for USD and gold volatility.
Earlier data (Trade Balance, PMI) may cause intraday spikes.
⚠️ Risk Reminder:
Avoid chasing. Let price react, then confirm. Stay sharp around news.
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.