Gold has broken above the 50MA (pink) but remains capped below the 200MA (green), trading just above the $3,353 key level. This area is acting as a pivotal barrier — a clean break and sustained hold above $3,353 is needed to shift momentum bullish.
A sustained break and hold above this zone could see momentum build toward $3,380, with further upside potential to $3,399 and $3,422. Failure to clear this area may keep price trapped in the pullback structure, risking another retest of $3,329 and possibly the Secondary Support Zone.
📌 Key Levels to Watch
Resistance:
‣ $3,380
‣ $3,399
‣ $3,422
Support:
‣ $3,353
‣ $3,329
‣ $3,313
‣ $3,295
🔎 Fundamental Focus
Multiple FOMC speeches and President Trump remarks today could spark volatility.
Expect choppy price action — manage risk around headlines.
A sustained break and hold above this zone could see momentum build toward $3,380, with further upside potential to $3,399 and $3,422. Failure to clear this area may keep price trapped in the pullback structure, risking another retest of $3,329 and possibly the Secondary Support Zone.
📌 Key Levels to Watch
Resistance:
‣ $3,380
‣ $3,399
‣ $3,422
Support:
‣ $3,353
‣ $3,329
‣ $3,313
‣ $3,295
🔎 Fundamental Focus
Multiple FOMC speeches and President Trump remarks today could spark volatility.
Expect choppy price action — manage risk around headlines.
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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.