# Gold Technical Analysis
Current gold price action shows a potential double top formation pattern, but increased volume suggests a possible fake out as well. Overall, Gold is still in bullish trend despite recent correction.
Key levels to watch:
- Resistance: $3243.23
- Support: $3128.42
If price sustains above $3234 with volume, likely legitimate double top fake out. If rejected, potential double top potentially trigger.
Dollar weakness due to trump tariff and geopolitical tensions currently favor gold bulls, but watch the Fed respond to it.
Current gold price action shows a potential double top formation pattern, but increased volume suggests a possible fake out as well. Overall, Gold is still in bullish trend despite recent correction.
Key levels to watch:
- Resistance: $3243.23
- Support: $3128.42
If price sustains above $3234 with volume, likely legitimate double top fake out. If rejected, potential double top potentially trigger.
Dollar weakness due to trump tariff and geopolitical tensions currently favor gold bulls, but watch the Fed respond to it.
Trade active
buy stop trigger
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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.