Gold starts the new trading week still locked in a consolidation range, holding just above the $3,328–$3,327 support zone. Despite multiple attempts, price continues to struggle at the $3,356 resistance.
The 50MA and 200MA are now compressing, suggesting the market is preparing for a breakout. Until then, structure remains neutral and range-bound.
📌Key levels to watch:
Resistance:
$3,356 ‣ $3,383 ‣ $3,400 ‣ $3,416 ‣ $3,440
Support:
$3,328 ‣ $3,313‣ $3,300 ‣ $3,267 ‣ $3,241
‣ $3,208 / $3,179 – Deeper downside if bearish pressure builds
🔎 Fundamental Focus
The key risk event this week is Wednesday’s FOMC Meeting Minutes. Markets will be looking for clues on the Fed’s internal stance regarding future rate cuts and inflation expectations.
🔗 Follow for live updates and intraday chart setups.
The 50MA and 200MA are now compressing, suggesting the market is preparing for a breakout. Until then, structure remains neutral and range-bound.
📌Key levels to watch:
Resistance:
$3,356 ‣ $3,383 ‣ $3,400 ‣ $3,416 ‣ $3,440
Support:
$3,328 ‣ $3,313‣ $3,300 ‣ $3,267 ‣ $3,241
‣ $3,208 / $3,179 – Deeper downside if bearish pressure builds
🔎 Fundamental Focus
The key risk event this week is Wednesday’s FOMC Meeting Minutes. Markets will be looking for clues on the Fed’s internal stance regarding future rate cuts and inflation expectations.
🔗 Follow for live updates and intraday chart setups.
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.