๐ **Gold (XAU/USD) M30
**๐งญ Overview:**
Gold is currently trading around **$3,331** after facing resistance near the **$3,355** zone. The chart shows a key **resistance point** at $3,352โ$3,355, with multiple rejections from that level.
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**๐ Key Levels:**
๐ผ **Resistance Zone:** $3,352 โ $3,355
๐ฝ **Support Levels:**
- ๐ข Minor Support: $3,299
- ๐ต Major Support: $3,267
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### ๐ **Scenarios to Watch:**
1. **๐ Bullish Scenario (Blue Path):**
- If price breaks and holds above **$3,331**, it may **retest resistance** at **$3,355**.
- A **strong breakout** above $3,355 could signal further upside momentum ๐.
2. **๐ Bearish Scenario (Red Path):**
- If price **fails to break higher** and gets rejected below $3,331, a drop is likely.
- A **break below $3,299** could lead price down to the **next support** at **$3,267** ๐.
# โ๏ธ **Bias:**
Neutral to ๐ป **bearish** below the $3,355 resistance area.
### ๐ง **Strategy Suggestion:**
- ๐๏ธ Watch closely near $3,331 for price action signals.
- ๐ Consider **short entries** on a lower high or rejection near $3,331โ$3,340.
๐ฏ Targets: $3,299 and $3,267
- ๐ Only go **long** on a **clean breakout + retest** above $3,355.
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Get free FOREX and Gold signals!
Join our Telegram channel for 3-7 daily signals:
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Stay ahead with our expert analysis for #XAUUSD and other forex markets. #forexsignals
Join our Telegram channel for 3-7 daily signals:
t.me/+7zBIVbIHrNo3OTY8
Stay ahead with our expert analysis for #XAUUSD and other forex markets. #forexsignals
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.