Gold experienced a strong selloff, breaking multiple key S&R levels and forming a clear bearish structure. Currently, price is reacting from the PD Low + 1H demand zone (~3265) and pulling back.
🔍 Key Zones:
PD High – 3335: Major resistance / Supply
Supply Zone – 3295–3305: Key area to watch for bearish reaction
Current Resistance – 3285: Price testing this minor S&R level now
PD Low – 3265: Strong bullish reaction zone
📌 Potential Setups:
Sell Setup: If price enters 3295–3305 (Supply Zone) and forms rejection on 15M/1H → short toward 3265.
Buy Setup: If price breaks and holds above 3305, look for retest and continuation toward 3335.
Scalp Long: Small pullback toward 3275–3270 could offer intraday long up to 3295–3300.
📈 Bias: Still bearish unless price reclaims and sustains above 3305.
Patience is key — let price come to zone and wait for confirmation.
🔍 Key Zones:
PD High – 3335: Major resistance / Supply
Supply Zone – 3295–3305: Key area to watch for bearish reaction
Current Resistance – 3285: Price testing this minor S&R level now
PD Low – 3265: Strong bullish reaction zone
📌 Potential Setups:
Sell Setup: If price enters 3295–3305 (Supply Zone) and forms rejection on 15M/1H → short toward 3265.
Buy Setup: If price breaks and holds above 3305, look for retest and continuation toward 3335.
Scalp Long: Small pullback toward 3275–3270 could offer intraday long up to 3295–3300.
📈 Bias: Still bearish unless price reclaims and sustains above 3305.
Patience is key — let price come to zone and wait for confirmation.
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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.