GOLD (XAUUSD) – Key Zones & Short-Term Setup
Gold has shown strong bullish momentum recently breakout of the descending trendline and pushing toward key resistance levels However the current price action is approaching a critical zone that traders should watch closely
Resistance levels 3,130 3,148
Support levels 3,100 3,087 3,045
Price is testing this area now. A clean breakout and retest could open the door for further upside However signs of exhaustion may lead to rejection
A failure to hold above these levels could indicate a short-term bearish shift.
Possible Scenarios:
1. Bullish Continuation:
A clear breakout and retest of the 3,140–3,149 zone could trigger further
bullish momentum.
2. Bearish Rejection:
If price gets rejected from the resistance area watch for a drop below 3,100 which could pave the way to retest the 3,078 or even 3,045 support zone.
The market is currently at a decision point so keep an eye on how price reacts around the highlighted zones. Trade safely and wait for confirmation before entering positions.
Gold has shown strong bullish momentum recently breakout of the descending trendline and pushing toward key resistance levels However the current price action is approaching a critical zone that traders should watch closely
Resistance levels 3,130 3,148
Support levels 3,100 3,087 3,045
Price is testing this area now. A clean breakout and retest could open the door for further upside However signs of exhaustion may lead to rejection
A failure to hold above these levels could indicate a short-term bearish shift.
Possible Scenarios:
1. Bullish Continuation:
A clear breakout and retest of the 3,140–3,149 zone could trigger further
bullish momentum.
2. Bearish Rejection:
If price gets rejected from the resistance area watch for a drop below 3,100 which could pave the way to retest the 3,078 or even 3,045 support zone.
The market is currently at a decision point so keep an eye on how price reacts around the highlighted zones. Trade safely and wait for confirmation before entering positions.
Trade active
trade with bearish moment before 3130 to 3150
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.