Gold is under strong bearish pressure after failing to hold above the 3,361 🔼 resistance. Price is now approaching the key 3,200 🔽 support zone, which previously sparked bullish reversals. The momentum suggests bears are in control, but buyers may attempt to defend the 3,200 level to avoid a deeper drop toward 3,125.
Support at: 3,200 🔽, 3,125 🔽, 2,975 🔽
Resistance at: 3,280 🔼, 3,361 🔼, 3,499 🔼
Bias:
🔼 Bullish: A strong bounce from 3,200 followed by a break above 3,280 could trigger a short-term rally back toward 3,361.
🔽 Bearish: A clean break below 3,200 would confirm bearish continuation toward 3,125 and possibly 2,975.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
Support at: 3,200 🔽, 3,125 🔽, 2,975 🔽
Resistance at: 3,280 🔼, 3,361 🔼, 3,499 🔼
Bias:
🔼 Bullish: A strong bounce from 3,200 followed by a break above 3,280 could trigger a short-term rally back toward 3,361.
🔽 Bearish: A clean break below 3,200 would confirm bearish continuation toward 3,125 and possibly 2,975.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
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.