As discussed in my Friday analysis, I previously mentioned that the recent rally could either be a trap rally or a post-accumulation breakout. The key confirmation would come from a retest of the 3168 zone — this level needed to be tested with volume and rejected strongly to validate the accumulation thesis.
🔍 What happened?
Price action played out exactly as anticipated. Gold retested the 3168 level, faced strong rejection with significant volume, indicating that accumulation is likely complete. This reaction reinforces my bullish outlook on gold, and I now believe we’re headed towards new highs, potentially even a new all-time high (ATH) in the near term.
🔑 Key Levels to Watch:
3266 → The most crucial resistance in sight.
A clean breakout with volume above this level would make me super bullish on gold.
🔺 If broken, first target is around 3355–3375
🏁 Second target is 3500, which is the previous ATH
3168 → Still a critical support.
If gold revisits and breaks below 3168, this would invalidate the accumulation.
In that case, we could see gold drop towards:
3100
3055
3000
Possibly even 2955 (low probability, but worth keeping in view)
🧠 My View:
Smart money appears to be in. The structure suggests strength, and unless 3168 breaks down, I’m holding a bullish bias with eyes on ATH. That said, always manage risk and DYOR (Do Your Own Research) — I’m sharing my perspective, but markets can always surprise.
🎯 Plan Your Entries & Exits Wisely
Market structure is bullish as long as 3168 holds. Watch for volume on key breakouts and avoid emotional entries.
🔒 TL;DR:
✅ Accumulation confirmed above 3168
🔼 Break of 3266 opens room to 3355–3375, then 3500+
❌ Breakdown below 3168 invalidates the bullish setup
⚠️ Always trade with risk management in place
🔍 What happened?
Price action played out exactly as anticipated. Gold retested the 3168 level, faced strong rejection with significant volume, indicating that accumulation is likely complete. This reaction reinforces my bullish outlook on gold, and I now believe we’re headed towards new highs, potentially even a new all-time high (ATH) in the near term.
🔑 Key Levels to Watch:
3266 → The most crucial resistance in sight.
A clean breakout with volume above this level would make me super bullish on gold.
🔺 If broken, first target is around 3355–3375
🏁 Second target is 3500, which is the previous ATH
3168 → Still a critical support.
If gold revisits and breaks below 3168, this would invalidate the accumulation.
In that case, we could see gold drop towards:
3100
3055
3000
Possibly even 2955 (low probability, but worth keeping in view)
🧠 My View:
Smart money appears to be in. The structure suggests strength, and unless 3168 breaks down, I’m holding a bullish bias with eyes on ATH. That said, always manage risk and DYOR (Do Your Own Research) — I’m sharing my perspective, but markets can always surprise.
🎯 Plan Your Entries & Exits Wisely
Market structure is bullish as long as 3168 holds. Watch for volume on key breakouts and avoid emotional entries.
🔒 TL;DR:
✅ Accumulation confirmed above 3168
🔼 Break of 3266 opens room to 3355–3375, then 3500+
❌ Breakdown below 3168 invalidates the bullish setup
⚠️ Always trade with risk management in place
Note
So far 1500 pips in the pocket Trade closed: target reached
The target that was previously shared has nearly been achieved — approximately 200 points or 2000 pips in just 3 days, which is a significant move. From this level, gold may still push slightly higher, potentially towards the 3386 zone, but as of now, there is no clear confirmation for that move.At this stage, I will wait and observe the price action carefully to see how gold behaves before entering any new positions. A proper correction and clearer structure are needed before I consider sharing the next trading idea.
The current price action appears a bit weak to me, to be honest, so I’ll remain cautious. Once the market shows a more defined setup, I will share the new entry levels accordingly.
Stay ready — a new opportunity might be coming soon, but patience is key right now.
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.