Gold is sitting on a knife’s edge as we enter the NY session.
Current price action:
Rejected twice at 3307 on the 4hr
Broke Friday’s low
Now approaching today’s low
Scenario 1 – Bearish:
Clean break below current 4hr low → target: 3274 (323 pips)
This is a key higher timeframe swing level, last tested in May
Scenario 2 – Bullish:
If we reject current lows and support forms →
First target: 3307 (170 pips)
Second target: 3344 (390 pips)
📌 Risk is balanced — both directions offer 300+ pips. Monitor structure + volume closely.
Current price action:
Rejected twice at 3307 on the 4hr
Broke Friday’s low
Now approaching today’s low
Scenario 1 – Bearish:
Clean break below current 4hr low → target: 3274 (323 pips)
This is a key higher timeframe swing level, last tested in May
Scenario 2 – Bullish:
If we reject current lows and support forms →
First target: 3307 (170 pips)
Second target: 3344 (390 pips)
📌 Risk is balanced — both directions offer 300+ pips. Monitor structure + volume closely.
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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.