Hours
Gold is currently trading between $3,240 – $3,250, recovering from the intraday low of $3,237 and testing the $3,252 resistance zone.
Key Technical Insights:
Support Zone: $3,237
Resistance Zone: $3,252
Trend: Short-term bullish after a V-shape recovery on the 1-hour chart
Momentum: Above 50-period moving average
Volatility: Moderate, with potential directional move during U.S. session close
---
Bullish Scenario:
Entry Trigger: Breakout above $3,252 with confirmation
Target Levels: $3,260 and $3,275
Stop Loss: Below $3,237
Bearish Scenario:
Entry Trigger: Drop below $3,237 with sustained pressure
Target Levels: $3,225 and $3,210
Stop Loss: Above $3,252
---
Hours
Gold is currently trading between $3,240 – $3,250, recovering from the intraday low of $3,237 and testing the $3,252 resistance zone.
Key Technical Insights:
Support Zone: $3,237
Resistance Zone: $3,252
Trend: Short-term bullish after a V-shape recovery on the 1-hour chart
Momentum: Above 50-period moving average
Volatility: Moderate, with potential directional move during U.S. session close
---
Bullish Scenario:
Entry Trigger: Breakout above $3,252 with confirmation
Target Levels: $3,260 and $3,275
Stop Loss: Below $3,237
Bearish Scenario:
Entry Trigger: Drop below $3,237 with sustained pressure
Target Levels: $3,225 and $3,210
Stop Loss: Above $3,252
---
Fundamental Context:
No major economic events are scheduled today, so price movement will likely rely on technicals and liquidity fluctuations as the trading week ends. Caution is advised as late-week position closings may increase volatility.
---
Analysis by Mohsen Mozafari Nezhad
Follow for more real-time insights on gold & markets.
Fundamental Context:
No major economic events are scheduled today, so price movement will likely rely on technicals and liquidity fluctuations as the trading week ends. Caution is advised as late-week position closings may increase volatility.
---
Analysis by Mohsen Mozafari Nezhad
Follow for more real-time insights on gold & markets.
Gold is currently trading between $3,240 – $3,250, recovering from the intraday low of $3,237 and testing the $3,252 resistance zone.
Key Technical Insights:
Support Zone: $3,237
Resistance Zone: $3,252
Trend: Short-term bullish after a V-shape recovery on the 1-hour chart
Momentum: Above 50-period moving average
Volatility: Moderate, with potential directional move during U.S. session close
---
Bullish Scenario:
Entry Trigger: Breakout above $3,252 with confirmation
Target Levels: $3,260 and $3,275
Stop Loss: Below $3,237
Bearish Scenario:
Entry Trigger: Drop below $3,237 with sustained pressure
Target Levels: $3,225 and $3,210
Stop Loss: Above $3,252
---
Hours
Gold is currently trading between $3,240 – $3,250, recovering from the intraday low of $3,237 and testing the $3,252 resistance zone.
Key Technical Insights:
Support Zone: $3,237
Resistance Zone: $3,252
Trend: Short-term bullish after a V-shape recovery on the 1-hour chart
Momentum: Above 50-period moving average
Volatility: Moderate, with potential directional move during U.S. session close
---
Bullish Scenario:
Entry Trigger: Breakout above $3,252 with confirmation
Target Levels: $3,260 and $3,275
Stop Loss: Below $3,237
Bearish Scenario:
Entry Trigger: Drop below $3,237 with sustained pressure
Target Levels: $3,225 and $3,210
Stop Loss: Above $3,252
---
Fundamental Context:
No major economic events are scheduled today, so price movement will likely rely on technicals and liquidity fluctuations as the trading week ends. Caution is advised as late-week position closings may increase volatility.
---
Analysis by Mohsen Mozafari Nezhad
Follow for more real-time insights on gold & markets.
Fundamental Context:
No major economic events are scheduled today, so price movement will likely rely on technicals and liquidity fluctuations as the trading week ends. Caution is advised as late-week position closings may increase volatility.
---
Analysis by Mohsen Mozafari Nezhad
Follow for more real-time insights on gold & markets.
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.