Price shows multiple rejections near the 3,250 zone — suggesting resistance.
A lower high and potential bearish structure formation.
The bearish move could be a correction after a strong impulsive rally.
Target is set near previous structure support and a clean demand zone (~3,120s).
⚠️ To Watch:
Be cautious of FOMC, CPI, or NFP if upcoming — gold reacts strongly to such news.
Confirm with momentum indicators (e.g., RSI divergence or MACD crossover).
A lower high and potential bearish structure formation.
The bearish move could be a correction after a strong impulsive rally.
Target is set near previous structure support and a clean demand zone (~3,120s).
⚠️ To Watch:
Be cautious of FOMC, CPI, or NFP if upcoming — gold reacts strongly to such news.
Confirm with momentum indicators (e.g., RSI divergence or MACD crossover).
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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.