Gold is approaching a strong support zone between $3,287 – $3,321. If price reacts from this area, we may see a bullish reversal toward the resistance zone around $3,387 – $3,440.
📌 Key Levels: • Support Zone: $3,287–$3,321
Resistance Zone: $3,387–$3,440
Current Price: $3,335
📈 Trade Idea: Wait for price to test the support zone. If bullish confirmation appears (like rejection candles or a strong push up), we could aim for a long entry toward the resistance area.
🎯 Potential Targets: 1️⃣ $3,387
2️⃣ $3,421
3️⃣ $3,440
❗Always use proper risk management and wait for confirmation. If support fails, re-evaluate the setup.
📌 Key Levels: • Support Zone: $3,287–$3,321
Resistance Zone: $3,387–$3,440
Current Price: $3,335
📈 Trade Idea: Wait for price to test the support zone. If bullish confirmation appears (like rejection candles or a strong push up), we could aim for a long entry toward the resistance area.
🎯 Potential Targets: 1️⃣ $3,387
2️⃣ $3,421
3️⃣ $3,440
❗Always use proper risk management and wait for confirmation. If support fails, re-evaluate the setup.
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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.