GOLD (XAUUSD) – Technical Outlook
A stronger U.S. dollar is weighing on gold, as it makes dollar-denominated commodities more expensive for international buyers and competes with gold’s safe-haven appeal.
Gold is currently trading around 3341, holding just above the pivot zone (3343 / 3332). The market remains in consolidation, awaiting a decisive breakout.
Bullish Scenario:
As long as price trades above 3332, gold may attempt to continue its bullish move. A confirmed 1H close above 3343 would target 3365, with further extensions toward 3383 – 3401.
Bearish Scenario:
A move below 3332 would open the way to 3320, and a confirmed 4H close below 3320 could extend the decline toward 3285.
📍 Key Levels
Pivot: 3343
Support: 3332 – 3320 – 3312
Resistance: 3365 – 3383 – 3401
A stronger U.S. dollar is weighing on gold, as it makes dollar-denominated commodities more expensive for international buyers and competes with gold’s safe-haven appeal.
Gold is currently trading around 3341, holding just above the pivot zone (3343 / 3332). The market remains in consolidation, awaiting a decisive breakout.
Bullish Scenario:
As long as price trades above 3332, gold may attempt to continue its bullish move. A confirmed 1H close above 3343 would target 3365, with further extensions toward 3383 – 3401.
Bearish Scenario:
A move below 3332 would open the way to 3320, and a confirmed 4H close below 3320 could extend the decline toward 3285.
📍 Key Levels
Pivot: 3343
Support: 3332 – 3320 – 3312
Resistance: 3365 – 3383 – 3401
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.