Gold is showing a weak reaction around the 3,375 zone — a previous supply area — with RSI dipping into oversold territory but failing to bounce significantly. The chart reveals layered FVG traps, hinting at a potential -1.5% drop toward 3,324 within the next 18 hours.
Bearish catalyst: The U.S. jobless claims have dropped to a 3-month low → labor market remains strong → Fed likely to keep interest rates high → stronger USD, weaker gold.
Preferred setup:
SELL if price gets rejected at 3,375
SL: 3,390
TP: 3,324 – 3,310
Bearish catalyst: The U.S. jobless claims have dropped to a 3-month low → labor market remains strong → Fed likely to keep interest rates high → stronger USD, weaker gold.
Preferred setup:
SELL if price gets rejected at 3,375
SL: 3,390
TP: 3,324 – 3,310
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.