Gold is showing bullish momentum after bouncing from support, trading with a positive bias just below the $3,400 mark. Price action is approaching a multi-week high, with traders closely watching the US NFP data for potential volatility.
🟢 Short-Term Bullish Structure is intact as long as price holds above 3,368–3,370 zone.
📍 Immediate resistance: 3,376 – 3,393
📍 Key support: 3,356 – 3,350
💬 Comment: "Nice entry! Yes, on the 4H, we could be targeting the next swing high. Let’s see if momentum pushes through resistance."
🕵️ Watch for breakouts or rejections near resistance as the NFP data release could trigger strong moves.
🟢 Short-Term Bullish Structure is intact as long as price holds above 3,368–3,370 zone.
📍 Immediate resistance: 3,376 – 3,393
📍 Key support: 3,356 – 3,350
💬 Comment: "Nice entry! Yes, on the 4H, we could be targeting the next swing high. Let’s see if momentum pushes through resistance."
🕵️ Watch for breakouts or rejections near resistance as the NFP data release could trigger strong moves.
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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.