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XAUUSD As analyzed on Monday, the market touched the BUY zone at 3345 and continued the bullish wave structure, heading toward the 3400 level. If gold breaks above 3373, it will likely continue its strong upward momentum. Therefore, it is advised to avoid trading against the trend once the 3373 level is broken.
On the other hand, if gold breaks below the key support level at 3343 (yesterday's U.S. session barrier), the current uptrend may temporarily pause. In that case, gold will need to find new momentum to establish a fresh market trend.
📉 Key Levels
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XAUUSD As analyzed on Monday, the market touched the BUY zone at 3345 and continued the bullish wave structure, heading toward the 3400 level. If gold breaks above 3373, it will likely continue its strong upward momentum. Therefore, it is advised to avoid trading against the trend once the 3373 level is broken.On the other hand, if gold breaks below the key support level at 3343 (yesterday's U.S. session barrier), the current uptrend may temporarily pause. In that case, gold will need to find new momentum to establish a fresh market trend.
📉 Key Levels
- SUPPORT: 3343 - 3330 - 3313
- RESISTANCE: 3373-3387-3400
- Hold BUY order 3345 with target 3400
- SELL trigger: Rejection of prices 3373, 3387 with confirmation from sellers
- SELL 3400 Strong resistance zone
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Trade active
Notice reaction at support zone 3330
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☘️My Telegram Channel: t.me/VHTraderFX
Join me to get Trading signals, Trading knowledge for investors
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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.