Current Price: 3,323.93 USD
Timeframe: 15 minutes
Last update: 17:14 UTC+7
- Trend Overview:
The 15-minute chart shows a minor recovery after a sharp drop in gold prices. However, overall pressure remains bearish as price continues to trade below all key EMAs (50–100–200), and the bulls have yet to break through significant resistance above.
- Key Technical Zones:
Nearby Resistance:
3,331.57 (EMA200): dynamic resistance, repeatedly tested but not broken
3,340 – 3,350: supply zone + 0.618 Fibonacci retracement
3,360 – 3,375: strong resistance zone (purple box), previous major rejection area
Nearby Support:
3,321.70 – 3,319.34 (EMA50 – EMA100): also aligns with 0.382 Fibonacci support
3,309 – 3,310: previous low, potential demand zone on deeper pullback
- Technical Analysis:
EMA & Structure:
Price is testing EMA200 (3,331.57) – a key level to watch for confirmation of any trend reversal. However, the larger trend remains bearish as long as this resistance holds.
EMA9 and EMA20 have crossed above EMA50, suggesting short-term bullish momentum, though not yet strong enough to confirm a full reversal.
Volume Analysis:
Recent bullish candles were supported by higher volume, but the current rally is weakening in volume – a sign of fading buying pressure.
RSI (not shown but recommended):
Watch for RSI break above 60 to signal potential continuation toward higher resistance levels.
- Trading Strategies:
Scenario 1 – Sell at Resistance (Sell on Rally):
Entry zone: around 3,330 – 3,335
Stop loss: above 3,340
Targets: 3,320 → 3,310
Rationale: Price is testing EMA200 and resistance; no confirmed breakout yet
Scenario 2 – Short-Term Buy on Dip:
Entry zone: 3,319 – 3,321 (EMA50/100 confluence)
Stop loss: below 3,308
Targets: 3,330 – 3,335
Rationale: Minor support holding, potential short bounce if price stabilizes
- Conclusion:
Gold is attempting a short-term rebound, but the broader trend remains bearish unless price breaks above 3,340 – 3,350 resistance. For now, focus on short setups at resistance and scalping small bounces from strong support zones.
Follow to receive more daily strategies – and don’t forget to save this if you find it useful.
Got a different view on gold today? Let’s discuss it in the comments!
Timeframe: 15 minutes
Last update: 17:14 UTC+7
- Trend Overview:
The 15-minute chart shows a minor recovery after a sharp drop in gold prices. However, overall pressure remains bearish as price continues to trade below all key EMAs (50–100–200), and the bulls have yet to break through significant resistance above.
- Key Technical Zones:
Nearby Resistance:
3,331.57 (EMA200): dynamic resistance, repeatedly tested but not broken
3,340 – 3,350: supply zone + 0.618 Fibonacci retracement
3,360 – 3,375: strong resistance zone (purple box), previous major rejection area
Nearby Support:
3,321.70 – 3,319.34 (EMA50 – EMA100): also aligns with 0.382 Fibonacci support
3,309 – 3,310: previous low, potential demand zone on deeper pullback
- Technical Analysis:
EMA & Structure:
Price is testing EMA200 (3,331.57) – a key level to watch for confirmation of any trend reversal. However, the larger trend remains bearish as long as this resistance holds.
EMA9 and EMA20 have crossed above EMA50, suggesting short-term bullish momentum, though not yet strong enough to confirm a full reversal.
Volume Analysis:
Recent bullish candles were supported by higher volume, but the current rally is weakening in volume – a sign of fading buying pressure.
RSI (not shown but recommended):
Watch for RSI break above 60 to signal potential continuation toward higher resistance levels.
- Trading Strategies:
Scenario 1 – Sell at Resistance (Sell on Rally):
Entry zone: around 3,330 – 3,335
Stop loss: above 3,340
Targets: 3,320 → 3,310
Rationale: Price is testing EMA200 and resistance; no confirmed breakout yet
Scenario 2 – Short-Term Buy on Dip:
Entry zone: 3,319 – 3,321 (EMA50/100 confluence)
Stop loss: below 3,308
Targets: 3,330 – 3,335
Rationale: Minor support holding, potential short bounce if price stabilizes
- Conclusion:
Gold is attempting a short-term rebound, but the broader trend remains bearish unless price breaks above 3,340 – 3,350 resistance. For now, focus on short setups at resistance and scalping small bounces from strong support zones.
Follow to receive more daily strategies – and don’t forget to save this if you find it useful.
Got a different view on gold today? Let’s discuss it in the comments!
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙
t.me/dnaprofits
Join the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
t.me/dnaprofits
Join the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
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.