The gold market has recently confirmed a Market Structure Shift (MSS), signaling a bullish transition in the current trend. Price action is currently moving upward but has entered a key engulfing sell zone, where sellers have previously shown strong interest. The market is now testing a significant resistance level around 3385, which has temporarily capped further upside momentum.
If a decisive candlestick closes above the 3385 resistance zone, it could confirm bullish strength and open the door for a potential continuation to the upside. In such a scenario, a retest of the broken level may provide a high-probability entry point for further bullish targets, as the market aims to sweep higher liquidity levels.
As always, Do Your Own Research (DYOR) before making any trading decisions. Market conditions can shift rapidly, and risk management remains essential.
If a decisive candlestick closes above the 3385 resistance zone, it could confirm bullish strength and open the door for a potential continuation to the upside. In such a scenario, a retest of the broken level may provide a high-probability entry point for further bullish targets, as the market aims to sweep higher liquidity levels.
As always, Do Your Own Research (DYOR) before making any trading decisions. Market conditions can shift rapidly, and risk management remains essential.
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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.