Weekly: Gold opens bullish while still respecting the Dec 2024 trendline, despite the last two weekly candles closing bearish.
Daily: Currently at 3295, approaching key intraday bearish structure at 3310.
Last Week’s Bounce: From 3274 delivered 220+ pips, now becoming a pivotal reaction zone.
If 3310 Breaks: Expect continuation to 3344 – a 350-pip swing.
If 3310 Rejects: Anticipate a move back to 3274 for re-evaluation.
⚠️ Note: Today is the final trading day of the month. Watch for false breakouts and potential liquidity traps.
Daily: Currently at 3295, approaching key intraday bearish structure at 3310.
Last Week’s Bounce: From 3274 delivered 220+ pips, now becoming a pivotal reaction zone.
If 3310 Breaks: Expect continuation to 3344 – a 350-pip swing.
If 3310 Rejects: Anticipate a move back to 3274 for re-evaluation.
⚠️ Note: Today is the final trading day of the month. Watch for false breakouts and potential liquidity traps.
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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.