Gold is attempting a rebound after finding support near the 3,286.78 🔽 level, following a sharp pullback from the 3,363.46 🔼 resistance. The structure remains bullish on the higher timeframe, but recent weakness has created a short-term lower high. Price is currently caught between the 3,323.93 🔼 and 3,286.78 🔽 levels, forming a short-term range.
Support at: 3,286.78 🔽, 3,246.06 🔽, 3,208.11 🔽, 3,162.25 🔽
Resistance at: 3,323.93 🔼, 3,363.46 🔼, 3,432.64 🔼
🔎 Bias:
🔼 Bullish: A break and hold above 3,323.93 could open the path for another test of the 3,363.46 level and possibly higher.
🔽 Bearish: Failure to reclaim 3,323.93 and a drop below 3,286.78 may shift momentum further downward, targeting 3,246.06 or lower.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
Support at: 3,286.78 🔽, 3,246.06 🔽, 3,208.11 🔽, 3,162.25 🔽
Resistance at: 3,323.93 🔼, 3,363.46 🔼, 3,432.64 🔼
🔎 Bias:
🔼 Bullish: A break and hold above 3,323.93 could open the path for another test of the 3,363.46 level and possibly higher.
🔽 Bearish: Failure to reclaim 3,323.93 and a drop below 3,286.78 may shift momentum further downward, targeting 3,246.06 or lower.
📛 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.