Gold is currently moving within a tight range between $3,385.01 (resistance) and $3,358.87 (support). Price has tested both edges multiple times, but without any clean follow through. The movement inside this zone is choppy and lacks momentum.
While trades inside the range are possible, they carry more risk due to inconsistent structure and quick reversals. The better setup is to wait for a confirmed break on either side.
Key Levels:
→ A 30 minute candle close above $3,385.01 could bring buyers in, with upside targets near $3,389.09 and beyond.
→ A clean break and close below $3,358.87 would shift momentum to the downside and may open the path toward $3,353.25 or lower.
For now, it’s a range with no clear dominance. Staying patient and waiting for a breakout gives better risk to reward.
#XAUUSD #Gold #PriceAction #RangeSetup #BreakoutTrade #SupportResistance #30mChart
While trades inside the range are possible, they carry more risk due to inconsistent structure and quick reversals. The better setup is to wait for a confirmed break on either side.
Key Levels:
→ A 30 minute candle close above $3,385.01 could bring buyers in, with upside targets near $3,389.09 and beyond.
→ A clean break and close below $3,358.87 would shift momentum to the downside and may open the path toward $3,353.25 or lower.
For now, it’s a range with no clear dominance. Staying patient and waiting for a breakout gives better risk to reward.
#XAUUSD #Gold #PriceAction #RangeSetup #BreakoutTrade #SupportResistance #30mChart
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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.