After being reinforced by CPI data last week, gold prices have regained their bullish momentum and are currently trading in a wide range. The technical structure still shows a dominant uptrend, with the trendline continuing to act as reliable support, targeting the important resistance zone of 3400 next week.
📌 Preferred trading strategy:
Watch the price reaction around the support zone of 3343. If there is a rejection signal of this zone accompanied by buying pressure, that will be the ideal entry point.
If the price continues to correct deeper, the strong support zone of 3322 will be a reasonable DCA point.
It is not recommended to SELL if the price breaks the confluence zone of 3373, as this is a signal confirming the strong bullish momentum continues.
📍 Important price zones:
Support: 3343 – 3322
Resistance: 3373 – 3400
🚀 Buy Trigger:
Price rejects 3343 zone with clear bullish signal
Strong bounce from 3322 zone
📌 Preferred trading strategy:
Watch the price reaction around the support zone of 3343. If there is a rejection signal of this zone accompanied by buying pressure, that will be the ideal entry point.
If the price continues to correct deeper, the strong support zone of 3322 will be a reasonable DCA point.
It is not recommended to SELL if the price breaks the confluence zone of 3373, as this is a signal confirming the strong bullish momentum continues.
📍 Important price zones:
Support: 3343 – 3322
Resistance: 3373 – 3400
🚀 Buy Trigger:
Price rejects 3343 zone with clear bullish signal
Strong bounce from 3322 zone
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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.
JOIN OUR FREE TELEGRAM GROUP t.me/+7rqP7ECMjpUxMzBl
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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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.