1. Current Price:
The price of gold is at $3,329.650, up +35.003 (+1.06%) for the session.
2. Previous Trend (Green Channel on the Left):
A bullish trend was observed from May 20–21, marked by a rising channel (price consistently moved higher).
3. Resistance Zone (Red Rectangle):
The area between $3,345.251 and $3,350.095 is highlighted as a resistance zone — a price level where sellers are expected to step in.
4. Support Zone (Lower Levels):
There is a significant support level shown around $3,277.080–$3,276.121. This is likely the target zone for the potential drop.
5. Forecasted Move (Black Arrow):
The chart suggests a potential short-term bearish move. After touching or approaching the resistance zone, the price may reject and drop down toward the support area near $3,277.
6. Trade Idea:
The user/analyst seems to be anticipating:
• A rejection at the resistance.
• A possible short-selling opportunity.
• Target near $3,277 if price breaks below the current support ($3,329.650).
The price of gold is at $3,329.650, up +35.003 (+1.06%) for the session.
2. Previous Trend (Green Channel on the Left):
A bullish trend was observed from May 20–21, marked by a rising channel (price consistently moved higher).
3. Resistance Zone (Red Rectangle):
The area between $3,345.251 and $3,350.095 is highlighted as a resistance zone — a price level where sellers are expected to step in.
4. Support Zone (Lower Levels):
There is a significant support level shown around $3,277.080–$3,276.121. This is likely the target zone for the potential drop.
5. Forecasted Move (Black Arrow):
The chart suggests a potential short-term bearish move. After touching or approaching the resistance zone, the price may reject and drop down toward the support area near $3,277.
6. Trade Idea:
The user/analyst seems to be anticipating:
• A rejection at the resistance.
• A possible short-selling opportunity.
• Target near $3,277 if price breaks below the current support ($3,329.650).
World Best Signals Channel here 🤝
XAUUSD Gold
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EURUSD
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t.me/+1b_A_JwswN01Nzc0
XAUUSD Gold
BTC & other coins
EURUSD
USDJPY
GBPUSD
ETH USD
Telegram channel 👇
t.me/+1b_A_JwswN01Nzc0
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.
World Best Signals Channel here 🤝
XAUUSD Gold
BTC & other coins
EURUSD
USDJPY
GBPUSD
ETH USD
Telegram channel 👇
t.me/+1b_A_JwswN01Nzc0
XAUUSD Gold
BTC & other coins
EURUSD
USDJPY
GBPUSD
ETH USD
Telegram channel 👇
t.me/+1b_A_JwswN01Nzc0
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.