After rebounding to 3368 yesterday, gold dropped below 3340, and recovered slightly above 3350 late in the session.
Today, it briefly touched the 3372 resistance, only to pull back again — showing just how difficult it is for bulls to push higher.
🔍 Technical Overview:
30M chart has broken below key moving averages
1H chart is facing heavy overhead pressure
⚠️ If prices rise on low volume, it’s likely a bull trap.
Only a volume-backed breakout can confirm a real bullish trend.
⚠️ Important Note:
There’s still an unfilled gap below 3300
If bears take control, filling that gap is highly likely
Today’s ADP jobs data will be critical:
If bearish for gold → sub-3300 is likely
If bullish for gold → 3400 becomes a top-tier short zone
Today, it briefly touched the 3372 resistance, only to pull back again — showing just how difficult it is for bulls to push higher.
🔍 Technical Overview:
30M chart has broken below key moving averages
1H chart is facing heavy overhead pressure
⚠️ If prices rise on low volume, it’s likely a bull trap.
Only a volume-backed breakout can confirm a real bullish trend.
⚠️ Important Note:
There’s still an unfilled gap below 3300
If bears take control, filling that gap is highly likely
Today’s ADP jobs data will be critical:
If bearish for gold → sub-3300 is likely
If bullish for gold → 3400 becomes a top-tier short zone
Want live data interpretations and precise trade signals?
DM me for real-time strategy support, risk management, and technical insights.
✅ Trade smart. Stay disciplined. Profit consistently.
t.me/+3slQbdahSmJmOTE0
DM me for real-time strategy support, risk management, and technical insights.
✅ Trade smart. Stay disciplined. Profit consistently.
t.me/+3slQbdahSmJmOTE0
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.
Want live data interpretations and precise trade signals?
DM me for real-time strategy support, risk management, and technical insights.
✅ Trade smart. Stay disciplined. Profit consistently.
t.me/+3slQbdahSmJmOTE0
DM me for real-time strategy support, risk management, and technical insights.
✅ Trade smart. Stay disciplined. Profit consistently.
t.me/+3slQbdahSmJmOTE0
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.