GOLD | Overview
The price dropped from the resistance at 3329 and is now trading below 3305, indicating continued bearish momentum.
As long as the price holds below 3305, it is expected to move toward 3288.
📉 A 1H candle close below 3288 will likely extend the decline toward 3277.
📈 To shift the outlook to bullish, the price must break and hold above 3305, which would open the way to 3321–3329.
Pivot Line: 3288
Resistance Levels: 3305 – 3317 – 3329
Support Levels: 3277 – 3265 – 3245
The price dropped from the resistance at 3329 and is now trading below 3305, indicating continued bearish momentum.
As long as the price holds below 3305, it is expected to move toward 3288.
📉 A 1H candle close below 3288 will likely extend the decline toward 3277.
📈 To shift the outlook to bullish, the price must break and hold above 3305, which would open the way to 3321–3329.
Pivot Line: 3288
Resistance Levels: 3305 – 3317 – 3329
Support Levels: 3277 – 3265 – 3245
Trade active
GOLD | OverviewGold futures are up 1.9% at $3,378.0, driven by rising geopolitical and macroeconomic risks. Tensions escalated as Ukraine launched deep drone strikes inside Russia, while China pushed back on Trump’s trade accusations. Markets are also reacting to Trump’s threat to double steel and aluminum tariffs, fueling demand for safe-haven assets.
Technical Outlook:
Gold surged as expected last week. A short-term correction toward 3329 is possible. However, a 1H candle close above 3329 may resume bullish momentum toward 3365 and 3376.
To turn bearish, the price must close below 3320 (1H) or if there’s news suggesting a pause in tariff escalation.
Pivot Level: 3351
Resistance: 3365, 3376, 3404
Support: 3329, 3320, 3302
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.