Gold is now sitting at a critical decision zone near the $3300 level — a key bank-level area. If we see a daily candle close below this level, I anticipate a minimum drop of 1,000 pips, with the first major support around the $3220–$3200 range. The $3200 level is extremely significant, and I’ll discuss its importance more in future updates if necessary.
On the flip side, if buyers step in and we get a daily close above $3300, I still believe it’s too early to jump into longs. The selling pressure remains quite obvious, and we’ve already seen multiple failed attempts to push beyond this level toward the $3500 all-time high. That tells me the orders at this level might be exhausted.
Personally, I’ll only consider a long position if we get at least a clean 4-hour candle close above $3350.
It’s going to be an exciting week ahead with high-impact data releases including ADP, Core PCE, the Federal Funds Rate — and most importantly, Friday’s NFP.
📌 Stay tuned for updates throughout the week!
Disclaimer: This is not financial advice. Just my personal opinion!!!
On the flip side, if buyers step in and we get a daily close above $3300, I still believe it’s too early to jump into longs. The selling pressure remains quite obvious, and we’ve already seen multiple failed attempts to push beyond this level toward the $3500 all-time high. That tells me the orders at this level might be exhausted.
Personally, I’ll only consider a long position if we get at least a clean 4-hour candle close above $3350.
It’s going to be an exciting week ahead with high-impact data releases including ADP, Core PCE, the Federal Funds Rate — and most importantly, Friday’s NFP.
📌 Stay tuned for updates throughout the week!
Disclaimer: This is not financial advice. Just my personal opinion!!!
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.