Gold is currently consolidating near recent highs, with price action hovering below the 3307 key resistance zone.
🔻 Bearish Scenario:
A confirmed 1H candle close below 3307 will likely trigger a short-term pullback toward 3280 and 3265.
🔺 Bullish Scenario:
However, if price stabilizes above 3307, we may see continued bullish momentum targeting 3326 and possibly higher.
This zone is critical — wait for clear confirmation before entering.
Key Levels:
• Resistance: 3307 / 3326 / 3340
• Support: 3280 / 3265 / 3237
🔻 Bearish Scenario:
A confirmed 1H candle close below 3307 will likely trigger a short-term pullback toward 3280 and 3265.
🔺 Bullish Scenario:
However, if price stabilizes above 3307, we may see continued bullish momentum targeting 3326 and possibly higher.
This zone is critical — wait for clear confirmation before entering.
Key Levels:
• Resistance: 3307 / 3326 / 3340
• Support: 3280 / 3265 / 3237
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.