Gold starts the new week attempting to recover after last week’s drop, now trading around 3,339, just above the 3,334 intraday support.
Price remains below both the 50MA and 200MA, which are now turning downward—signalling a shift to short-term bearish structure. To regain upside momentum, bulls need to reclaim the 3,362 resistance zone. A confirmed break above this area would re-open the path toward 3,373, 3,380, and 3,387.
Until then, structure favors the bears, and any rejection below 3,362 keeps risk tilted to the downside. A break back below 3,334 would expose price to the lower Support 3,309.
If that gives out, watch for deeper downside toward 3,289-3,267 and the HTF Support Zone (3,241–3,208).
📌 Key Levels to Watch
Resistance: 3,348 ‣ 3,362 ‣ 3,373 ‣ 3,380 ‣ 3,387
Support: 3,334 ‣ 3,309 ‣ 3,289 ‣ 3,267 ‣ 3,241
🔍Fundamental Focus:
This is a high-impact week for gold traders.
Expect spikes in volatility, especially around FOMC and NFP. Use wider stops, reduce position sizes, and trade only confirmed setups.
Price remains below both the 50MA and 200MA, which are now turning downward—signalling a shift to short-term bearish structure. To regain upside momentum, bulls need to reclaim the 3,362 resistance zone. A confirmed break above this area would re-open the path toward 3,373, 3,380, and 3,387.
Until then, structure favors the bears, and any rejection below 3,362 keeps risk tilted to the downside. A break back below 3,334 would expose price to the lower Support 3,309.
If that gives out, watch for deeper downside toward 3,289-3,267 and the HTF Support Zone (3,241–3,208).
📌 Key Levels to Watch
Resistance: 3,348 ‣ 3,362 ‣ 3,373 ‣ 3,380 ‣ 3,387
Support: 3,334 ‣ 3,309 ‣ 3,289 ‣ 3,267 ‣ 3,241
🔍Fundamental Focus:
This is a high-impact week for gold traders.
Expect spikes in volatility, especially around FOMC and NFP. Use wider stops, reduce position sizes, and trade only confirmed setups.
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.