Gold remains in a strong bullish trend as it pushes toward the $3,500 all-time high (ATH). However, reduced liquidity could create sharp swings. Before testing $3,500, we may see a consolidation or pullback into the $3,469–$3,460 support zone. The weak U.S. dollar continues to support gold’s upside momentum.
Resistance: 3,484.8 / 3,500
Support: 3,469.5 / 3,460
A clean break above $3,500 could attract more buyers, but traders should be cautious—momentum may fade at this key level. A false breakout could trigger heavy profit-taking, leading to a corrective move. For now, the strategy is to buy on dips above support and watch carefully for rejection near $3,500.
Resistance: 3,484.8 / 3,500
Support: 3,469.5 / 3,460
A clean break above $3,500 could attract more buyers, but traders should be cautious—momentum may fade at this key level. A false breakout could trigger heavy profit-taking, leading to a corrective move. For now, the strategy is to buy on dips above support and watch carefully for rejection near $3,500.
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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.