1. Recap of Yesterday’s View
In yesterday’s analysis, I noted that Gold appeared to have built a strong floor around 3300, and while the 3340–3350 resistance zone was still capping the upside, the structure hinted at a potential breakout.
2. What Happened Since?
✅ Price once again rallied into resistance and was rejected.
But here’s the key shift:
🔹 This time, the drop only reached 3315, and it was quickly bought back.
🔹 A new higher base around 3320 is now visible.
🔹 Gold is already back into the resistance zone.
3. Technical Implication
This evolving structure signals bullish pressure is building.
Every dip is being bought higher than the last — a classic sign of demand stepping in.
We are now closer than ever to a confirmed breakout.
4. Trading Strategy
📌 A clear break and close above 3350 = breakout confirmed
🎯 Target: 3400 and above
📉 Until then, buying dips into 3315–3320 remains my preferred strategy.
5. Final Thoughts
The yellow metal is coiling tightly under resistance.
The higher floors are shouting one thing: buyers are in control.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
In yesterday’s analysis, I noted that Gold appeared to have built a strong floor around 3300, and while the 3340–3350 resistance zone was still capping the upside, the structure hinted at a potential breakout.
2. What Happened Since?
✅ Price once again rallied into resistance and was rejected.
But here’s the key shift:
🔹 This time, the drop only reached 3315, and it was quickly bought back.
🔹 A new higher base around 3320 is now visible.
🔹 Gold is already back into the resistance zone.
3. Technical Implication
This evolving structure signals bullish pressure is building.
Every dip is being bought higher than the last — a classic sign of demand stepping in.
We are now closer than ever to a confirmed breakout.
4. Trading Strategy
📌 A clear break and close above 3350 = breakout confirmed
🎯 Target: 3400 and above
📉 Until then, buying dips into 3315–3320 remains my preferred strategy.
5. Final Thoughts
The yellow metal is coiling tightly under resistance.
The higher floors are shouting one thing: buyers are in control.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.