GOLD has recently pulled back from its highs but the structure suggests bulls may not be done just yet Here's what we're watchingTechnical Overview
Bullish Order Block Zone The price has dipped into a key bullish OB area around 3287 – 3,320 showing signs of accumulation
Support Holding Immediate support lies at 3269 which has held on previous dips and could serve as the launchpad for a bullish continuation
Psychological Target Eyes are on the 3425 level a significant psychological barrier that aligns with previous highs
Potential Scenarios
1. Scenario 1 – Immediate Rejection Price holds above the order block and begins climbing targeting 3369 - 3414 and ultimately 3435
2. Scenario 2 – Deeper Retest A slight dip toward the lower OB zone before a strong bullish response and rally continuation
Support Zone: 3269 – 3320 (bullish order block)
First Target: 3369
Mid Target: 3414
Final Target: 3425 (psychological level)
Conclusion Gold is respecting a well-defined bullish structure, and the order block is a key zone to monitor for potential long setups. Bulls may regain control if this zone continues to hold firm
Are you buying the dip or waiting for confirmation? Let’s talk setups in the comments!
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
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.
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.