Current Price: 3341.58
Market Behavior:
The price is ranging sideways, trading in a tight consolidation zone just below the resistance zone (around 3344).
Key Resistance Levels:
3344 → Immediate resistance
3348 – 3352 → Next minor supply zone
3357 – 3360 → Strong resistance ahead (if breakout occurs)
Key Support Levels:
3332 – 3330 → Short-term demand
3324 – 3320 → Stronger support zone
📌 Trader Insight:
"Gold is in a consolidation phase between 3330 and 3344. Wait for a confirmed breakout above 3344 for bullish momentum toward 3357+. If rejected again, expect a retest of support near 3332 or deeper."
✅ Trade Setup (Example):
Buy Scenario (Breakout):
Entry: Above 3345
Target: 3357
Stop Loss: Below 3338
Sell Scenario (Rejection):
Entry: Near 3344 resistance, if rejected
Target: 3332 / 3324
Stop Loss: Above 3348
Market Behavior:
The price is ranging sideways, trading in a tight consolidation zone just below the resistance zone (around 3344).
Key Resistance Levels:
3344 → Immediate resistance
3348 – 3352 → Next minor supply zone
3357 – 3360 → Strong resistance ahead (if breakout occurs)
Key Support Levels:
3332 – 3330 → Short-term demand
3324 – 3320 → Stronger support zone
📌 Trader Insight:
"Gold is in a consolidation phase between 3330 and 3344. Wait for a confirmed breakout above 3344 for bullish momentum toward 3357+. If rejected again, expect a retest of support near 3332 or deeper."
✅ Trade Setup (Example):
Buy Scenario (Breakout):
Entry: Above 3345
Target: 3357
Stop Loss: Below 3338
Sell Scenario (Rejection):
Entry: Near 3344 resistance, if rejected
Target: 3332 / 3324
Stop Loss: Above 3348
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SMC_ProTraderFx
FOR SIGNALS |TECHNICAL ANALYSIS|CHART ANALYSIS|PRO STRATEGIES
📊 Whether you're a new trader or a seasoned pro, our strategies help you trade smarter and win consistently.
👉 Follow us & start your profitable trading journey today!
FOR SIGNALS |TECHNICAL ANALYSIS|CHART ANALYSIS|PRO STRATEGIES
📊 Whether you're a new trader or a seasoned pro, our strategies help you trade smarter and win consistently.
👉 Follow us & start your profitable trading journey today!
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.