Summary:
Gold is currently ranging between 3288 and 3350, showing consolidation. Watch for breakouts on either side.
• Around 3323 is a good level to consider both long and short setups depending on price action.
• A break below 3288 signals rising bearish pressure, possibly targeting the 3266 zone.
• A break above 3350 suggests renewed bullish momentum, with potential to reach 3370.
Patience is key — wait for confirmation at critical levels, manage position sizing carefully.
Key Levels to Watch:
• 3350: Midpoint resistance
• 3345: Resistance
• 3337: Resistance
• 3323: Intraday key resistance
• 3315: Resistance
• 3305: Key support
• 3300: Psychological level
• 3288: Intraday key support
• 3280: Support
• 3265: Support
Short-Term (15m) Trading Strategy:
1. For Shorts:
• Enter SELL if price breaks below 3305
• Watch 3300, then 3296, 3288, 3280
2. For Longs:
• Enter BUY if price holds above 3315
• Watch 3323, then 3332, 3341, 3350
👉 If you found this useful or traded from these ideas, a like would be greatly appreciated. Thanks for your support!
Disclaimer: This is my personal opinion, not financial advice. Always use proper risk management.
Gold is currently ranging between 3288 and 3350, showing consolidation. Watch for breakouts on either side.
• Around 3323 is a good level to consider both long and short setups depending on price action.
• A break below 3288 signals rising bearish pressure, possibly targeting the 3266 zone.
• A break above 3350 suggests renewed bullish momentum, with potential to reach 3370.
Patience is key — wait for confirmation at critical levels, manage position sizing carefully.
Key Levels to Watch:
• 3350: Midpoint resistance
• 3345: Resistance
• 3337: Resistance
• 3323: Intraday key resistance
• 3315: Resistance
• 3305: Key support
• 3300: Psychological level
• 3288: Intraday key support
• 3280: Support
• 3265: Support
Short-Term (15m) Trading Strategy:
1. For Shorts:
• Enter SELL if price breaks below 3305
• Watch 3300, then 3296, 3288, 3280
2. For Longs:
• Enter BUY if price holds above 3315
• Watch 3323, then 3332, 3341, 3350
👉 If you found this useful or traded from these ideas, a like would be greatly appreciated. Thanks for your support!
Disclaimer: This is my personal opinion, not financial advice. Always use proper risk management.
Note
Short-Term (15m) Strategy:For Shorts:
Enter SELL if price breaks below 3295
→ Watch 3290 first
→ If the drop continues, monitor 3285, 3279, 3275
For Longs:
Enter BUY if price holds above 3300
→ Watch 3305 first
→ If momentum builds, target 3310, 3315, 3323
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.