Previous:
Gold gave us a massive 600+ pip run on Monday, breaking above the key 3380 resistance that had held for over a week. The move confirmed bullish continuation in line with the overall HTF trend.
Now:
We’re now hovering just above 3380 again, with a break-and-retest setup forming on the lower timeframes (1H/4H).
Key Zones:
🔁 Retest Buy Zone: 3380–3375
📈 Target 1: 3428
📈 Target 2: 3495 (ATH)
⚠️ Invalidation: Clean 4H close below 3360
Bias:
Bullish as long as 3380 holds. Will be looking to scale in once support confirms.
Gold gave us a massive 600+ pip run on Monday, breaking above the key 3380 resistance that had held for over a week. The move confirmed bullish continuation in line with the overall HTF trend.
Now:
We’re now hovering just above 3380 again, with a break-and-retest setup forming on the lower timeframes (1H/4H).
Key Zones:
🔁 Retest Buy Zone: 3380–3375
📈 Target 1: 3428
📈 Target 2: 3495 (ATH)
⚠️ Invalidation: Clean 4H close below 3360
Bias:
Bullish as long as 3380 holds. Will be looking to scale in once support confirms.
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.
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.