Gold is moving within a defined upward channel, currently trading near 3,378, with both buyers and sellers focusing on the same critical area — the 3,360–3,370 pivot zone.
A sustained hold above this zone could shift momentum in favor of the bulls, opening the path toward 3,400 and the channel ceiling at 3,416.
Conversely, a decisive break below 3,360 may trigger further downside, with potential targets at 3,340 and 3,320. This is the type of level where markets commit to a direction — and once that decision is made, price movement often accelerates.
What’s your view?
Do you see gold holding this support for another rally, or is a breakdown more likely this week? Share your thoughts and analysis in the comments below.
Disclaimer:
This is not financial advice. Please ensure you apply prudent risk management in all trading decisions.
A sustained hold above this zone could shift momentum in favor of the bulls, opening the path toward 3,400 and the channel ceiling at 3,416.
Conversely, a decisive break below 3,360 may trigger further downside, with potential targets at 3,340 and 3,320. This is the type of level where markets commit to a direction — and once that decision is made, price movement often accelerates.
What’s your view?
Do you see gold holding this support for another rally, or is a breakdown more likely this week? Share your thoughts and analysis in the comments below.
Disclaimer:
This is not financial advice. Please ensure you apply prudent risk management in all trading decisions.
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.