Gold has rebounded from the 3331 support zone and is moving back towards the resistance line. Price is currently consolidating at these levels, and a sustained push above 3350 could open the path towards the next resistance areas at 3380 and 3400.
Holding above the upward trend channel supports a bullish continuation. A failure to hold this trend channel could invite selling pressure, especially if the USD strengthens. Sudden macroeconomic developments may impact safe-haven demand and cause sharp intraday volatility.
You May find more details in the chart.
Trade wisely Best of Luck Buddies.
Ps; Support with like and comments for better analysis.
Holding above the upward trend channel supports a bullish continuation. A failure to hold this trend channel could invite selling pressure, especially if the USD strengthens. Sudden macroeconomic developments may impact safe-haven demand and cause sharp intraday volatility.
You May find more details in the chart.
Trade wisely Best of Luck Buddies.
Ps; Support with like and comments for better analysis.
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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.