Gold on the Move – Major Resistance Levels to Watch Ahead
The current price action looks strong, and if the bullish momentum continues, we have three main target levels in mind.
The first target is $3,380. This is an important level we expect gold to reach soon if the trend continues upward.
If the price breaks above $3,380, the next target is $3,433. This level is likely to act as a strong resistance, meaning the price might slow down or pull back here. But if gold can push through it with strength, that’s a strong signal of continued upside.
After that, the third target is $3,495, which would mark a strong extension of the current bullish trend.
As long as gold stays above key support levels, we believe the bullish outlook remains valid, and these targets are possible in the coming days or weeks.
The first target is $3,380. This is an important level we expect gold to reach soon if the trend continues upward.
If the price breaks above $3,380, the next target is $3,433. This level is likely to act as a strong resistance, meaning the price might slow down or pull back here. But if gold can push through it with strength, that’s a strong signal of continued upside.
After that, the third target is $3,495, which would mark a strong extension of the current bullish trend.
As long as gold stays above key support levels, we believe the bullish outlook remains valid, and these targets are possible in the coming days or weeks.
Trade active
Gold has respected the levels we highlighted. Price is following through according to the plan, with no changes in momentum. We’ll wait for a strong reaction at the next zone before making any adjustments.
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.