Good Morning Traders,
Let’s break down what gold is showing us on the 1-day chart:
- **Resistance:** 3,378
- **Support:** 3,282
- There’s a noticeable **head and shoulders pattern** on the chart. Under normal conditions, gold’s target sits at **3,170**.
Gold is highly sensitive to fundamental factors. Sudden war news or events like last week’s rumors about Trump firing the Fed Chair can trigger serious volatility.
That’s why I always combine **technical and fundamental analysis** in my approach.
For gold to reach the 3,170 target, the **3,282 support level must first be broken**. Since that hasn't happened yet, we can't confirm a bearish move—fundamentals play a key role here.
Keep in mind: this is a **swing trade** setup based on a 1-day chart. Reaching the target could take time.
I want to sincerely thank everyone who’s been supporting my analyses with likes—your support is
my biggest source of motivation when it comes to sharing content.
Much love and respect to you all.💛
Let’s break down what gold is showing us on the 1-day chart:
- **Resistance:** 3,378
- **Support:** 3,282
- There’s a noticeable **head and shoulders pattern** on the chart. Under normal conditions, gold’s target sits at **3,170**.
Gold is highly sensitive to fundamental factors. Sudden war news or events like last week’s rumors about Trump firing the Fed Chair can trigger serious volatility.
That’s why I always combine **technical and fundamental analysis** in my approach.
For gold to reach the 3,170 target, the **3,282 support level must first be broken**. Since that hasn't happened yet, we can't confirm a bearish move—fundamentals play a key role here.
Keep in mind: this is a **swing trade** setup based on a 1-day chart. Reaching the target could take time.
I want to sincerely thank everyone who’s been supporting my analyses with likes—your support is
my biggest source of motivation when it comes to sharing content.
Much love and respect to you all.💛
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💡NEW FREE TELEGRAM SIGNAL CHANNEL👇🏻
t.me/freegoldsignaltilki
💡EN İYİ FOREX BROKER
affs.click/Lhe43
💡Ortak kodum 6MJBK ile kayıt olun—sıfır komisyon ve %100 bonus kazanın
Related publications
Disclaimer
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💡PREMIUM SIGNAL HERE 👇🏻
t.me/tradertilki
💡NEW FREE TELEGRAM SIGNAL CHANNEL👇🏻
t.me/freegoldsignaltilki
💡EN İYİ FOREX BROKER
affs.click/Lhe43
💡Ortak kodum 6MJBK ile kayıt olun—sıfır komisyon ve %100 bonus kazanın
t.me/tradertilki
💡NEW FREE TELEGRAM SIGNAL CHANNEL👇🏻
t.me/freegoldsignaltilki
💡EN İYİ FOREX BROKER
affs.click/Lhe43
💡Ortak kodum 6MJBK ile kayıt olun—sıfır komisyon ve %100 bonus kazanın
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.