Structure & Context
Gold is consolidating just above the key intraday support of $3,323, following a bounce from the high-demand zone ($3,322–$3,323.5).
Demand Zone Validity
The yellow zone has consistently attracted buyers, defending it multiple times with sharp rejections. This confirms it as a short-term demand base.
Resistance Still Capping Upside
$3,330.85 acts as immediate resistance. Price has failed to close above it despite several wicks testing this zone — showing strong seller presence.
Scalp Long Idea In Play
A buy setup is in motion with entry near $3,323.5, stop below $3,322, and target at $3,337.5. Risk-to-reward remains favorable while above demand.
Critical Levels to Watch
Support: $3,322.8 → $3,308.3 → $3,302.5
Resistance: $3,330.8 → $3,337.5 → $3,345.4
🎯 Bias: Bullish above $3,322, bearish if broken.
Gold is consolidating just above the key intraday support of $3,323, following a bounce from the high-demand zone ($3,322–$3,323.5).
Demand Zone Validity
The yellow zone has consistently attracted buyers, defending it multiple times with sharp rejections. This confirms it as a short-term demand base.
Resistance Still Capping Upside
$3,330.85 acts as immediate resistance. Price has failed to close above it despite several wicks testing this zone — showing strong seller presence.
Scalp Long Idea In Play
A buy setup is in motion with entry near $3,323.5, stop below $3,322, and target at $3,337.5. Risk-to-reward remains favorable while above demand.
Critical Levels to Watch
Support: $3,322.8 → $3,308.3 → $3,302.5
Resistance: $3,330.8 → $3,337.5 → $3,345.4
🎯 Bias: Bullish above $3,322, bearish if broken.
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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.
Here is my Telegram channel user name you can Join for Free Analysis and signals t.me/XAUTraderSidS
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.