GOLD | OVERVIEW
As expected, gold continued its bearish momentum, dropping from the 3430 level and delivering a move of approximately $60.
For today, the bearish bias remains valid as long as the price stays below 3365, with potential targets at 3337 and 3320.
However, if the price reverses and stabilizes above 3365, it could signal a shift to bullish momentum.
Key Levels:
Support: 3355 · 3337 · 3320
Resistance: 3374 · 3388
As expected, gold continued its bearish momentum, dropping from the 3430 level and delivering a move of approximately $60.
For today, the bearish bias remains valid as long as the price stays below 3365, with potential targets at 3337 and 3320.
However, if the price reverses and stabilizes above 3365, it could signal a shift to bullish momentum.
Key Levels:
Support: 3355 · 3337 · 3320
Resistance: 3374 · 3388
Trade active
GOLD - UpdateThe price has dropped and stabilized below 3349, indicating that the bearish trend is likely to continue toward 3335 and 3320 as long as it trades below 3349.
However, if the price closes 1H above 3355, it may initiate a bullish correction targeting 3365 and 3374.
Pivot Line: 3349
Support Levels: 3335, 3320, 3312
Resistance Levels: 3355, 3365, 3374
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/
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.
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/
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.