Gold is currently testing a major 1D resistance zone at 3432–3450 after a strong bullish move.
• 1D Chart: Price has rallied back into the resistance zone after bouncing from ascending trendline support.
• 4H Chart: Strong momentum candle broke through the prior 4H resistance zone at ~3360, confirming bullish pressure.
• 1H & 23m Chart: Price is holding within a bullish channel, but showing signs of consolidation under key resistance.
Key Zones:
• Support: 3380 / 3360
• Resistance: 3432–3450
Bias: Bullish above 3360. Needs daily close above 3450 for continuation.
• 1D Chart: Price has rallied back into the resistance zone after bouncing from ascending trendline support.
• 4H Chart: Strong momentum candle broke through the prior 4H resistance zone at ~3360, confirming bullish pressure.
• 1H & 23m Chart: Price is holding within a bullish channel, but showing signs of consolidation under key resistance.
Key Zones:
• Support: 3380 / 3360
• Resistance: 3432–3450
Bias: Bullish above 3360. Needs daily close above 3450 for continuation.
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.