Gold continues its short-term recovery after bouncing from the Support Zone and reclaiming the $3,300 level. Price is now testing the $3,328 resistance zone, with both the 50MA and 200MA converging just below price.
A confirmed break and hold above $3,328 would open the door to higher resistance levels. However, failure to clear this zone could lead to a retest of the Support Zone. If that fails to hold, a deeper retracement toward the HTF Support Zone may follow.
📌 Key Levels to Watch
Resistance:
‣ $3,328
‣ $3,341
‣ $3,356
‣ $3,383
Support:
‣ $3,313
‣ $3,300
‣ $3,267
‣ $3,241
🔎 Fundamental Focus
All eyes on U.S. unemployment claims today
Expect volatility around the release – stay sharp.
A confirmed break and hold above $3,328 would open the door to higher resistance levels. However, failure to clear this zone could lead to a retest of the Support Zone. If that fails to hold, a deeper retracement toward the HTF Support Zone may follow.
📌 Key Levels to Watch
Resistance:
‣ $3,328
‣ $3,341
‣ $3,356
‣ $3,383
Support:
‣ $3,313
‣ $3,300
‣ $3,267
‣ $3,241
🔎 Fundamental Focus
All eyes on U.S. unemployment claims today
Expect volatility around the release – stay sharp.
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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.
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.