Gold has been trading with clear respect to the Heatmap zones
Key Observations:
Price is currently rejecting the red resistance cluster around $3,335–3,340, aligning with a descending trendline.
Heatmap Strength: 10 → momentum is strong, but still favoring the bearish side short-term.
Oscillator on Pro Scalper AI shows bearish divergence, with sellers keeping control despite attempts to reclaim higher levels.
Volume spikes on the last downside pushes suggest distribution phase.
Possible Scenarios:
Bearish continuation if Gold fails to reclaim $3,335–3,340. Next support levels: $3,305 → $3,280.
A clean breakout above $3,340 trendline could flip sentiment, opening the door back towards $3,360–3,380.
Key Observations:
Price is currently rejecting the red resistance cluster around $3,335–3,340, aligning with a descending trendline.
Heatmap Strength: 10 → momentum is strong, but still favoring the bearish side short-term.
Oscillator on Pro Scalper AI shows bearish divergence, with sellers keeping control despite attempts to reclaim higher levels.
Volume spikes on the last downside pushes suggest distribution phase.
Possible Scenarios:
Bearish continuation if Gold fails to reclaim $3,335–3,340. Next support levels: $3,305 → $3,280.
A clean breakout above $3,340 trendline could flip sentiment, opening the door back towards $3,360–3,380.
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.