Gold is currently trading near 3323 after a recent sharp drop from the 3431 high. The price is respecting the downtrend line and has tested the 0.236 Fibonacci retracement at 3281 as support.
📉 Bearish Outlook:
If the price fails to break above 3314–3325, we could see a continuation toward the 3282 and possibly 3281 support zone.
📈 Bullish Scenario:
A break and close above 3355 (Fib 0.618) could push the market toward the 3431 resistance zone (Sell Area).
Key Levels to Watch:
Resistance: 3355 / 3431
Support: 3314 / 3308 / 3282
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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.