Summary:
At the current price range, treat gold as moving within a sideways consolidation zone between 3342–3373.
If the price breaks above 3373, it signals strong bullish momentum — long entries can be considered.
If the price breaks below 3342, bearish momentum may take over — short opportunities could emerge.
Pay close attention to 3305 — if this level is broken, it may trigger further downside and allow room to continue selling.
Key Levels to Watch:
3398–3400: Psychological round-number resistance
3385: Key intraday resistance
3373: Upper boundary of consolidation
3342: Lower boundary of consolidation
3335: Support
3325: Support
Short-Term (15m) Strategy:
👉 If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support!
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
At the current price range, treat gold as moving within a sideways consolidation zone between 3342–3373.
If the price breaks above 3373, it signals strong bullish momentum — long entries can be considered.
If the price breaks below 3342, bearish momentum may take over — short opportunities could emerge.
Pay close attention to 3305 — if this level is broken, it may trigger further downside and allow room to continue selling.
Key Levels to Watch:
3398–3400: Psychological round-number resistance
3385: Key intraday resistance
3373: Upper boundary of consolidation
3342: Lower boundary of consolidation
3335: Support
3325: Support
Short-Term (15m) Strategy:
- For Shorts: Enter a SELL if the price breaks below 3344. Watch 3342 for quick reaction; if the drop continues, monitor 3335, 3332, and 3330.
- For Longs: Enter a BUY if the price stabilizes above 3355. Watch 3348 for confirmation; if momentum continues, target 3328, 3362, and 3364.
👉 If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support!
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
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.