Gold is currently ranging within a horizontal consolidation zone.
The price is oscillating between the support at ~$3,172–$3,344 and resistance at ~$3,415–$3,500.
A pullback zone is identified near $3,344–$3,346, aligning with prior minor structure and the Fibonacci 0.618 level.
These levels suggest the retracement may be over, and price could be prepping for a new push.
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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.