Gold is retracing within an ascending channel after facing rejection at the FVG zone near 3,402.800. This pullback is seen as a healthy correction, with confluence support around 3,338, which previously acted as a springboard for bullish momentum.
As long as price holds above this zone, a rebound toward 3,402 remains likely.
Primary scenario
Buy zone: 3,338
Target: 3,402
Invalidation: Break below 3,320
Note
Weak volume near the FVG zone may cause short-term consolidation, but the broader trend still favors buyers.
As long as price holds above this zone, a rebound toward 3,402 remains likely.
Primary scenario
Buy zone: 3,338
Target: 3,402
Invalidation: Break below 3,320
Note
Weak volume near the FVG zone may cause short-term consolidation, but the broader trend still favors buyers.
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.