GOLD – Market Overview
Gold reached our resistance target perfectly, rallying nearly $50 from 3349 to 3400, as previously projected.
Now, price has reversed from the resistance zone and is stabilizing below 3380, which supports a potential bearish correction toward 3365.
A break below 3365 would likely extend the move down to 3349.
For bullish momentum to resume toward 3402, we need a clean break above 3385.
Pivot Line: 3380
Support: 3365 – 3349
Resistance: 3391 – 3402
previous idea:
Gold reached our resistance target perfectly, rallying nearly $50 from 3349 to 3400, as previously projected.
Now, price has reversed from the resistance zone and is stabilizing below 3380, which supports a potential bearish correction toward 3365.
A break below 3365 would likely extend the move down to 3349.
For bullish momentum to resume toward 3402, we need a clean break above 3385.
Pivot Line: 3380
Support: 3365 – 3349
Resistance: 3391 – 3402
previous idea:
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.