🔍 Key Observations
Uptrend Structure:
Gold remains in a rising channel (higher highs, higher lows).
$3265 flipped from support to springboard for continued upside.
$3365–$3375 has held as a solid support zone.
Resistance Levels:
💠 $3400 – psychological barrier and channel resistance.
💠 $3480 – upper channel boundary, long-term target.
💠 $3490 – historical ATH, may trigger pullbacks.
Macro/Geopolitical Drivers:
Israel–Iran tensions and soft U.S. data boost safe-haven demand.
Central bank accumulation reinforces bullish case.
Bearish Contingency:
Failure to break $3432.57 (double top) could pull price down to:
🔻 $3384.83 – intermediate support
🔻 $3270.06 – final downside target
📈 Trade Setup – Bullish Continuation
📥 Entry Zones:
$3377–$3380 support area (pullback entry)
OR $3400 breakout confirmation (high-volume thrust)
⛔ Stop-Loss:
Below $3350 to guard against fakeouts
🎯 Take-Profit Targets:
TP1: $3444.75
TP2: $34458.44
TP3: $3472.14
TP4: $3490 (ATH zone)
📊 Risk/Reward:
Favorable 3:1 (e.g., risking $25 to gain $75 from $3375 entry)
🔑 Key Levels to Watch
Resistance: $3400, $3432.57, $3456, $3480, $3490
Support: $3384.83, $3375, $3340, $3319
🧭 Sentiment & Volume Cues
Bullish Confirmation:
Volume spike above $3365–$3400
Continued soft US data / geopolitical fear
Bearish Signals:
Weak breakout at $3432.57
Breakdown below $3384.83 with low volume
✅ Summary
Gold maintains bullish structure. Look for long entries around $3375–$3384.83 or wait for a strong breakout above $3400. Use tight stops and monitor both technical levels and macro triggers.
🛑 Disclaimer: Trade with proper risk management. This analysis reflects technical outlooks and may change based on real-time events.
Uptrend Structure:
Gold remains in a rising channel (higher highs, higher lows).
$3265 flipped from support to springboard for continued upside.
$3365–$3375 has held as a solid support zone.
Resistance Levels:
💠 $3400 – psychological barrier and channel resistance.
💠 $3480 – upper channel boundary, long-term target.
💠 $3490 – historical ATH, may trigger pullbacks.
Macro/Geopolitical Drivers:
Israel–Iran tensions and soft U.S. data boost safe-haven demand.
Central bank accumulation reinforces bullish case.
Bearish Contingency:
Failure to break $3432.57 (double top) could pull price down to:
🔻 $3384.83 – intermediate support
🔻 $3270.06 – final downside target
📈 Trade Setup – Bullish Continuation
📥 Entry Zones:
$3377–$3380 support area (pullback entry)
OR $3400 breakout confirmation (high-volume thrust)
⛔ Stop-Loss:
Below $3350 to guard against fakeouts
🎯 Take-Profit Targets:
TP1: $3444.75
TP2: $34458.44
TP3: $3472.14
TP4: $3490 (ATH zone)
📊 Risk/Reward:
Favorable 3:1 (e.g., risking $25 to gain $75 from $3375 entry)
🔑 Key Levels to Watch
Resistance: $3400, $3432.57, $3456, $3480, $3490
Support: $3384.83, $3375, $3340, $3319
🧭 Sentiment & Volume Cues
Bullish Confirmation:
Volume spike above $3365–$3400
Continued soft US data / geopolitical fear
Bearish Signals:
Weak breakout at $3432.57
Breakdown below $3384.83 with low volume
✅ Summary
Gold maintains bullish structure. Look for long entries around $3375–$3384.83 or wait for a strong breakout above $3400. Use tight stops and monitor both technical levels and macro triggers.
🛑 Disclaimer: Trade with proper risk management. This analysis reflects technical outlooks and may change based on real-time events.
Trade active
T1 is hitNote
Here are new updates from TeconLab AI Mentor Platform which wanted to share with you:🔹 Market Context:
Gold remains in a strong uptrend, fueled by geopolitical tensions (Israel–Iran, Ukraine), central bank demand, and cooling U.S. inflation. Safe-haven buying is pushing prices near the ATH of $3,500, with recent highs at $3,446.8.
🔹 Key Levels:
Support: $3,395 / $3,380 / $3,340
Resistance: $3,400 / $3,432.57 (double top) / $3,444–$3,456 / $3,500
Targets: $3,500 short-term | $3,600–$3,700 long-term
🔹 Technical Setup:
RSI: Overbought (61–66) → possible pullbacks
MACD & MAs: Bullish alignment
Volume: Rising above $3,365 supports continuation
🔹 Scenarios:
Bullish: Break above $3,400 → Test $3,444–$3,456 → $3,500 possible
Bearish: Rejection at $3,432.57 → Pullback to $3,380 or lower
🔹 Trade Ideas:
Buy the dip: $3,395–$3,405 → TP $3,425–$3,440
Breakout entry: Above $3,400 with volume
Short setup: Rejection near $3,444 → Stop above $3,456
🎯 Risk–Reward Tip: Aim for 3:1 ratio. Protect long entries below $3,350.
🛑 Watch for:
De-escalation in global conflicts
Surprise U.S. macro data
DXY rebound pressure
📌 Summary: Gold is bullish with $3,500 in focus. Pullbacks remain buyable above $3,380, but stay alert for shifts in sentiment or geopolitical developments.
📎 For educational purposes only. Use proper risk management.
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.