Gold has extended its recovery after reclaiming both the 50MA and 200MA, now trading just below the $3,341 resistance. Price has broken out of the short-term descending channel and is showing early signs of bullish continuation.
A confirmed break and hold above $3,341 would open the path toward the next resistance cluster at $3,356–$3,370, followed by $3,383.
If price rejects this resistance and pulls back, the $3,328–$3,313 area will be key to maintain the bullish structure. Below that, focus returns to the $3,300 level and the broader Support Zone.
📌 Key Levels to Watch
Resistance:
‣ $3,341
‣ $3,356
‣ $3,370
‣ $3,383
Support:
‣ $3,328
‣ $3,313
‣ $3,300
‣ $3,267
⚠️ It’s Friday! Stay sharp and manage your risk.
A confirmed break and hold above $3,341 would open the path toward the next resistance cluster at $3,356–$3,370, followed by $3,383.
If price rejects this resistance and pulls back, the $3,328–$3,313 area will be key to maintain the bullish structure. Below that, focus returns to the $3,300 level and the broader Support Zone.
📌 Key Levels to Watch
Resistance:
‣ $3,341
‣ $3,356
‣ $3,370
‣ $3,383
Support:
‣ $3,328
‣ $3,313
‣ $3,300
‣ $3,267
⚠️ It’s Friday! Stay sharp and manage your risk.
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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.
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.