In yesterday’s analysis, I mentioned that Gold could reverse to the upside and challenge the 3375–3380 resistance zone. Throughout the day, dips were consistently bought, and last night the price briefly tapped into that area.
The overall structure remains bullish, but there are a few important notes:
1. Price action continues to be choppy.
2. Gold reversed quickly from 3375 overnight, which calls for caution from the bulls.
3. The 3350–3355 zone is the line in the sand — it is imperative for bulls to keep the price above this level.
That being said, and with the caution mentioned above, I remain bullish and expect another test of 3375, and potentially even a move beyond 3380. 🚀
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.
The overall structure remains bullish, but there are a few important notes:
1. Price action continues to be choppy.
2. Gold reversed quickly from 3375 overnight, which calls for caution from the bulls.
3. The 3350–3355 zone is the line in the sand — it is imperative for bulls to keep the price above this level.
That being said, and with the caution mentioned above, I remain bullish and expect another test of 3375, and potentially even a move beyond 3380. 🚀
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.
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Disclaimer
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📈 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.