Gold (XAUUSD)
Price has moved nearly 900 pips so far today with huge volatility. While the daily and higher timeframes remain bullish, lower timeframes show a bearish pullback after rejecting 3053.
Bearish path: Targeting 3005–2998 if the pullback continues.
Bullish path: A break/retest above 3053 opens 3087 as next target.
No catalyst? We may see deeper pullbacks, even down to 2932.
Bias: Bullish overall, but wait for key level confirmations. Don’t get chopped up—trade clean setups only.
Price has moved nearly 900 pips so far today with huge volatility. While the daily and higher timeframes remain bullish, lower timeframes show a bearish pullback after rejecting 3053.
Bearish path: Targeting 3005–2998 if the pullback continues.
Bullish path: A break/retest above 3053 opens 3087 as next target.
No catalyst? We may see deeper pullbacks, even down to 2932.
Bias: Bullish overall, but wait for key level confirmations. Don’t get chopped up—trade clean setups only.
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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.