Gold has shifted into a bullish structure after reclaiming key technical levels.
The strong impulsive move from below $3,300 into the $3,354–$3,370 resistance area reflects renewed buying interest, likely driven by improving sentiment and shifting macroeconomic expectations.
If bulls maintain control and price breaks and holds above $3,354, we could see continuation toward $3,383 and $3,400, with $3,416 marking the next major higher-timeframe resistance. These levels will be critical in determining whether gold resumes a broader bullish trend or begins to stall into a deeper correction.
On the flip side, if gold begins to fade below $3,354, then the $3,335–$3,305 pullback support zone will be key for potential bullish re-entry attempts.
A sustained break below this area would invalidate the current bullish leg and expose the market to a deeper retracement toward $3,289–$3,267, with $3,241–$3,208 acting as the higher-timeframe support floor.
📌 Key Levels to Watch
Resistance
‣ $3,370
‣ $3,383
‣ $3,400
‣ $3,416
Support
‣ $3,335
‣ $3,305
‣ $3,289
‣ $3,267
‣ $3,241
‣ $3,208
🔎 Fundamental Focus
Multiple high-impact U.S. data releases this week, including CPI, PPI, Retail Sales, and Unemployment Claims.
Expect elevated volatility across sessions.
⚠️ Manage your risk around news times. Stay sharp.
The strong impulsive move from below $3,300 into the $3,354–$3,370 resistance area reflects renewed buying interest, likely driven by improving sentiment and shifting macroeconomic expectations.
If bulls maintain control and price breaks and holds above $3,354, we could see continuation toward $3,383 and $3,400, with $3,416 marking the next major higher-timeframe resistance. These levels will be critical in determining whether gold resumes a broader bullish trend or begins to stall into a deeper correction.
On the flip side, if gold begins to fade below $3,354, then the $3,335–$3,305 pullback support zone will be key for potential bullish re-entry attempts.
A sustained break below this area would invalidate the current bullish leg and expose the market to a deeper retracement toward $3,289–$3,267, with $3,241–$3,208 acting as the higher-timeframe support floor.
📌 Key Levels to Watch
Resistance
‣ $3,370
‣ $3,383
‣ $3,400
‣ $3,416
Support
‣ $3,335
‣ $3,305
‣ $3,289
‣ $3,267
‣ $3,241
‣ $3,208
🔎 Fundamental Focus
Multiple high-impact U.S. data releases this week, including CPI, PPI, Retail Sales, and Unemployment Claims.
Expect elevated volatility across sessions.
⚠️ Manage your risk around news times. Stay sharp.
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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.