Gold is currently testing a strong support zone between $3,150 - $3,200, highlighted in pink. This area has previously acted as a demand zone, triggering significant upward momentum. As price consolidates just above this support, there is a high probability of a bullish reversal.
The chart shows three bullish projections, targeting the $3,490 level in the coming sessions. Traders may look for confirmation signals like bullish candlestick patterns or volume spikes before entering long positions.
Key Levels:
Support Zone: $3,150 – $3,200
Current Price: $3,240
Bullish Target: $3,490
Invalidation Level (SL): Below $3,150
Sentiment: Bullish Bias | Awaiting Confirmation.
The chart shows three bullish projections, targeting the $3,490 level in the coming sessions. Traders may look for confirmation signals like bullish candlestick patterns or volume spikes before entering long positions.
Key Levels:
Support Zone: $3,150 – $3,200
Current Price: $3,240
Bullish Target: $3,490
Invalidation Level (SL): Below $3,150
Sentiment: Bullish Bias | Awaiting Confirmation.
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.