Market Overview:
Gold is trading around 3,351 after pulling back from a recent high. Price has bounced off the 3,340–3,345 support zone, which aligns with the EMA144 on the H4 chart. The bullish structure remains intact, and the corrective decline may serve as a base for a new upward impulse.
Technical Signals & Patterns:
• Support zone at 3,340–3,345;
• ABCD pattern targeting the 3,439–3,453 zone;
• EMA144 acting as dynamic support;
• Divergence on AO indicator suggests a possible bullish reversal.
Key Levels:
Support: 3,340, 3,310
Resistance: 3,439, 3,453
Scenario:
• Primary: holding above 3,340 could lead to growth toward 3,439 and 3,453.
• Alternative: a break below 3,340 may increase pressure and target 3,310.
Gold is trading around 3,351 after pulling back from a recent high. Price has bounced off the 3,340–3,345 support zone, which aligns with the EMA144 on the H4 chart. The bullish structure remains intact, and the corrective decline may serve as a base for a new upward impulse.
Technical Signals & Patterns:
• Support zone at 3,340–3,345;
• ABCD pattern targeting the 3,439–3,453 zone;
• EMA144 acting as dynamic support;
• Divergence on AO indicator suggests a possible bullish reversal.
Key Levels:
Support: 3,340, 3,310
Resistance: 3,439, 3,453
Scenario:
• Primary: holding above 3,340 could lead to growth toward 3,439 and 3,453.
• Alternative: a break below 3,340 may increase pressure and target 3,310.
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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.
Stop losing money on random trades. Get ready-to-use signals with entry, stop-loss, and targets. Over +1100% profit. 1 month free. Simple. Clear. Profitable.
Join now: t.me/+ve3cSINHpoowNDIy
Join now: t.me/+ve3cSINHpoowNDIy
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.