Gold is recovering from the 3,357 zone – the lower boundary of the ascending channel on the H4 chart, with the FVG area around 3,365–3,375 acting as near-term support. The higher-lows structure remains intact, indicating the medium-term uptrend is still in play.
On the news front, the US Flash Manufacturing PMI is expected to decline, and Fed Chair Powell is set to testify before Congress. If dovish signals emerge, gold could see a strong push higher.
Strategy: Consider buying around 3,357–3,365 if confirmation appears, targeting 3,443.
Do you think gold has the momentum to break through this resistance zone?
On the news front, the US Flash Manufacturing PMI is expected to decline, and Fed Chair Powell is set to testify before Congress. If dovish signals emerge, gold could see a strong push higher.
Strategy: Consider buying around 3,357–3,365 if confirmation appears, targeting 3,443.
Do you think gold has the momentum to break through this resistance zone?
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Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 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.