Summary:
Gold remains supported by macro developments, including recent U.S. tariff actions.
Current structure leans bullish — buy on pullbacks is the primary approach unless key support fails.
• Watch 3357 closely — if it holds as resistance, short setups may offer good R:R.
• A break above 3357 suggests bullish continuation toward 3366+.
• A break below 3300 would signal weakening momentum, opening downside to 3271 and beyond.
With NFP data approaching later this week, expect larger price swings. Stay flexible and wait for confirmation.
Key Levels to Watch:
• 3366: Major resistance
• 3357: Key resistance
• 3350: Midpoint resistance
• 3323: Resistance
• 3313: Consolidation zone
• 3300: Psychological level
• 3289: Key support
• 3271: Support
Trading Strategy:
For Shorts:
• Enter SELL if price breaks below 3300
• Watch 3289, then 3271, 3260, 3250
For Longs:
• Enter BUY if price holds above 3323
• Watch 3332, then 3340, 3350, 3366
👉 If you found this helpful or used these levels in your trading, a like would mean a lot. Thanks for the support!
Disclaimer: This is just my personal opinion — not financial advice. Always manage risk responsibly.
Gold remains supported by macro developments, including recent U.S. tariff actions.
Current structure leans bullish — buy on pullbacks is the primary approach unless key support fails.
• Watch 3357 closely — if it holds as resistance, short setups may offer good R:R.
• A break above 3357 suggests bullish continuation toward 3366+.
• A break below 3300 would signal weakening momentum, opening downside to 3271 and beyond.
With NFP data approaching later this week, expect larger price swings. Stay flexible and wait for confirmation.
Key Levels to Watch:
• 3366: Major resistance
• 3357: Key resistance
• 3350: Midpoint resistance
• 3323: Resistance
• 3313: Consolidation zone
• 3300: Psychological level
• 3289: Key support
• 3271: Support
Trading Strategy:
For Shorts:
• Enter SELL if price breaks below 3300
• Watch 3289, then 3271, 3260, 3250
For Longs:
• Enter BUY if price holds above 3323
• Watch 3332, then 3340, 3350, 3366
👉 If you found this helpful or used these levels in your trading, a like would mean a lot. Thanks for the support!
Disclaimer: This is just my personal opinion — not financial advice. Always manage risk responsibly.
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.