Hey Everyone,
Daily Chart Update
Another Clean Rejection: Structure Still Dominates
Following up on the recent price action last week, the 3372 support level continued to provide support aligned perfectly with the channel half-line, giving us the bounce that continued all the way up to 3409, just short of the 3433 resistance, which once again remains open for a potential test.
We remain in the same structured range, with price still rotating between 3272 and 3433, a 170+ pip zone that continues to deliver high-probability trade setups.
Here’s where we are now:
🔹 Range Still Active
Price is respecting the 3272–3433 boundaries with precision. Until we get a decisive break and hold outside this range, range bound strategies remain in play.
🔹 No Breakout = Clean Rejection
The failure to sustain above 3433 confirms resistance is still valid. We're watching EMA5 for potential breakout confirmation, until then, the bias stays neutral within the range.
🔹 Channel Half-line Bounce
That rejection into 3272 also matched the channel half line, and the bounce there further cements this area as critical support. The latest rally to 3397 reinforces the strength of this pivot.
Updated Key Levels
📉 Support – 3272
Still the major pivot. Buy zones remain valid here unless we see a confirmed breakdown.
📈 Resistance – 3433
Now clearly tested and rejected more than once. Any clean break and hold above could change the dynamic, but until then, it’s solid resistance with 3397 as support.
Thanks as always for your support.
Mr Gold
GoldViewFX
Daily Chart Update
Another Clean Rejection: Structure Still Dominates
Following up on the recent price action last week, the 3372 support level continued to provide support aligned perfectly with the channel half-line, giving us the bounce that continued all the way up to 3409, just short of the 3433 resistance, which once again remains open for a potential test.
We remain in the same structured range, with price still rotating between 3272 and 3433, a 170+ pip zone that continues to deliver high-probability trade setups.
Here’s where we are now:
🔹 Range Still Active
Price is respecting the 3272–3433 boundaries with precision. Until we get a decisive break and hold outside this range, range bound strategies remain in play.
🔹 No Breakout = Clean Rejection
The failure to sustain above 3433 confirms resistance is still valid. We're watching EMA5 for potential breakout confirmation, until then, the bias stays neutral within the range.
🔹 Channel Half-line Bounce
That rejection into 3272 also matched the channel half line, and the bounce there further cements this area as critical support. The latest rally to 3397 reinforces the strength of this pivot.
Updated Key Levels
📉 Support – 3272
Still the major pivot. Buy zones remain valid here unless we see a confirmed breakdown.
📈 Resistance – 3433
Now clearly tested and rejected more than once. Any clean break and hold above could change the dynamic, but until then, it’s solid resistance with 3397 as support.
Thanks as always for your support.
Mr Gold
GoldViewFX
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙 t.me/GoldView_FX
🪙 JOIN OUR DISCORD FOR BACKUP 🪙
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🏆MESSAGE US FOR VIP SIGNALS🏆
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or
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🪙 JOIN OUR DISCORD FOR BACKUP 🪙
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🏆MESSAGE US FOR VIP SIGNALS🏆
t.me/GoldviewFX
or
email goldviewfx@gmail 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.