Gold remains in a clear downtrend on the H1 timeframe. Price action is currently consolidating within a tight range between 3340 and 3345, signaling potential preparation for the next move.
A possible bearish continuation could emerge if the price fails to break above the 3350–3365 resistance zone. Below this level, the following key support levels may come into play:
Minor support: 3330
Pivot level: 3315
Major support zone: 3280
Traders watching this setup may also consider 3365 as a technical invalidation level if the bearish structure is breached.
As always, this analysis is shared for educational purposes only and not as financial advice. Make sure to apply proper risk management and confirm signals with your own strategy.
A possible bearish continuation could emerge if the price fails to break above the 3350–3365 resistance zone. Below this level, the following key support levels may come into play:
Minor support: 3330
Pivot level: 3315
Major support zone: 3280
Traders watching this setup may also consider 3365 as a technical invalidation level if the bearish structure is breached.
As always, this analysis is shared for educational purposes only and not as financial advice. Make sure to apply proper risk management and confirm signals with your own strategy.
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.
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.