Gold (XAU/USD) Intraday Outlook – 12 June 2025Current Price: ~$3,373 (intraday) –
Gold is holding near recent highs after a sharp rally. Bullish momentum has improved markedly, fueled in part by favorable fundamentals (soft US CPI and geopolitical tensions lifting safe-haven demand)
On the charts, the short-term trend is upward, with buyers firmly in control following a breakout above prior resistance.
4H Trend & Key Levels
4H chart highlighting break of structure, demand (green) and supply (red) zones, and key intraday levels. Note the major demand zone that held around 3,214 (green) and the supply zone near 3,284 (red) which was a focal resistance. The 50% retracement of the prior day’s range (blue line near 3,274) acted as intraday resistance in that earlier session
Such annotations show where institutional activity likely set support (demand) and resistance (supply) areas. On the 4-hour chart, gold’s momentum is strongly bullish. The recent surge to 3375 pushed price above its 10-day moving average and widened the upper Bollinger Bands on both H1 and H4 – signs of a powerful uptrend. This came after gold cleared a major resistance around the $3,350 zone, which had capped prices earlier. With that barrier broken, the next upside target on the higher time frame is the $3,400 level (a notable psychological and technical hurdle)
In fact, it can be projected that a clean breakout above the ~3,380/3,390 zone could open the path toward $3,403 and even $3,430 in extension
Reflecting the next supply areas or Fibonacci extension targets above. Support levels on the 4H are stepping up as the trend rises. Previously, $3,320 (the last day’s high in late May) turned from resistance into support after the breakout. Now, immediate support is seen around $3,345–3,350, which corresponds to the top of the recent consolidation and roughly the 38.2% Fibonacci retracement of this week’s rally
Below that, the $3,330–3,335 zone (around the 61.8% retracement of the rally) is a secondary intraday support area
These levels also align with prior demand zones and the previous day’s lows, making them likely zones where buyers might step in on dips. Overall, as long as gold holds above the mid-$3,300s, the 4H bias remains bullish. The 4H structure shows higher highs and higher lows, and technical signals (price above short-term EMAs and an improving RSI) reinforce the short-term bullish outlook
Educational Note: In an uptrend, old resistance often becomes new support. Here $3,350 was a major resistance in the past and could serve as support if prices pull back. Traders also watch Fibonacci retracement levels within the up-move for potential bounce points – for gold, the 35-50% retracement zone of the latest swing (approximately $3,350 down to $3,330) is viewed as an attractive “buy-the-dip” area intraday.
On the 1-hour chart, gold has been oscillating upward within a rising channel. After each push higher, it has formed brief consolidations or bull flags that resolved to the upside.
For example, after the strong push to ~3375, price coiled in a classic bull flag pattern, hinting at momentum building for another breakout. This pattern of consolidation after a rally shows healthy bullish behavior – buyers pausing before continuing the move. Higher lows (HL) and higher highs (HH) are clearly present, indicating a steady uptrend structure on the 1H
In fact, gold’s price action has been “taking out liquidity then taking out highs and creating new highs,” leaving no sign of bear control so far. This means each time the price dips and grabs some stop-loss liquidity from weak longs, it quickly reverses and surges to a fresh peak – a hallmark of a strong trend supported by larger players. From an SMC perspective, we can spot where institutional traders may be active. Recently, gold retested a major demand zone in the low $3,300s and rocketed higher. Specifically, price dipped to about $3,297 (just below a prior support), which appears to have been a liquidity grab (fake-out) below the obvious support level
Smart money often drives price briefly below such a level to trigger stop-losses, then buys into that liquidity. Indeed, a strong bullish rejection off $3,297-3,300 occurred, indicating aggressive buying (accumulation) by big players at that historical support
This confirmed a solid demand zone, and bulls defended it vigorously – a clear sign that institutional demand underpins that area. After the fake-out and bounce, gold quickly resumed making higher lows, confirming the uptrend’s resumption. Now, the focus shifts to the overhead supply zone. Gold is trading just below $3,380–3,390, a zone that previously acted as major intraday resistance.
In past attempts, price sharply sold off from this area, suggesting it’s a pocket of supply (sell orders) or profit-taking for institutions. This makes $3,380-$3,390 a key decision point: if bullish momentum is strong enough to drive a clean break through this supply, we could see a swift move higher (as mentioned, targets in the low $3,400s become viable)
However, if gold struggles and prints bearish signals (e.g. aggressive wick rejections or a change in character to lower lows on 15m/1H) near 3380-3390, it may indicate that sellers are defending this zone again, potentially causing a pullback. Traders are watching closely to see if smart money will cap the price here or let it run. It’s worth noting that intraday liquidity has built up around certain levels. Minor equal highs around $3,375-3,377 were taken out earlier (as gold hit a weekly high of ~$3,377) ,and now liquidity might reside just above $3,390 (at buy stops of breakout traders) and below $3,340 (sell stops of longs). The path of least resistance intraday appears upward unless those lower support levels start breaking. As long as gold remains inside this rising structure, the bias is to buy dips rather than sell rallies. Only a clear break below the $3,337–3,340 support (recent range floor) would hint at a short-term trend shift down. Until then, bulls are in charge. Educational Note: Order blocks and supply/demand zones are areas where price saw a sharp move, indicating institutional orders. In gold’s case, an H1 demand block near $3,300 (origin of the recent rally) is such an area – price dipped into it and then launched higher
Conversely, the $3,380-$3,390 area is a supply zone from which price fell previously.
Watching price behavior at these zones (e.g. strong rejection vs. breakthrough) gives clues: a heavy rejection implies continued range or reversal, while a breakthrough suggests a new leg of trend.
Trade Setups
Buy on Dip (Bullish Setup):
If gold retraces into the $3,345–3,355 support zone, consider a long entry near ~$3,350 (a key Fibonacci support & prior breakout level)
A suggested stop-loss is just below $3,335 (to stay under the 61.8% retracement and recent swing low). Target the $3,375 area for partial profits, and $3,385–3,390 if momentum continues. This buy-on-dips approach aligns with the prevailing uptrend – as one analyst noted, “Gold below 3350 is an opportunity to buy on dips”
(Rationale: You’re buying at support in an uptrend, aiming for a retest of the highs.)
Sell Near Resistance (Bearish Setup):
If gold rallies toward the $3,390–3,400 zone but shows rejection (stalling candles or a bearish reversal pattern) at that resistance, one can consider a short entry around ~$3,395. Place a tight stop-loss above $3,405 (just beyond the major resistance). Target a pullback to about $3,370 first, and $3,350 on an extended drop. This trade fades a possible near-term top in case the supply zone holds. For instance, a suggested plan from another analyst was to “sell around 3397–3400” with stops above 3409, looking for a move back to the mid-$3,300s
(Rationale: You’re selling at an identified supply zone, expecting a short-term correction.)
Breakout Scenario:
For traders who prefer momentum plays, watch $3,380 on the upside and $3,340 on the downside. A 1H candle close beyond $3,380 with strong volume would confirm a breakout – you could then target ~$3,405 and above (trail stops as it goes)
Conversely, a drop below $3,340 might signal a bearish intraday reversal, opening downside targets near $3,315 and $3,300
If trading the breakout, ensure confirmation (no fake-outs) – wait for a retest if possible, and then ride the move. (This scenario is only for when price definitively exits the current range.)
Remember: The intraday trend is bullish, so lean toward long setups unless key supports break. Keep it simple – trade the price action you see. Gold can be volatile, so it's wise to use stop losses and not over-leverage. Happy trading! 📈✨
Xauusdupdates
XAUUSD: Volatile Uptrend Breaks Through Narrow RangeTechnical indicators are just references for the trend of gold, and the real market movement is driven by market sentiment.
The CPI data released today was lower than expected, which is a bullish signal for gold. The information on the U.S. 10-year Treasury bond auction released in the evening is bearish based on the data. In addition, news about various geopolitical conflicts are all influencing and driving market sentiment.
In the long term, gold is definitely trending upward. For short-term operations, technical analysis needs to be combined with the current market sentiment.
Today's various data have caused gold to show a volatile upward trend. After breaking through the resistance of the narrow range at $3,350 and reaching $3,360, it retracted to around $3,320. The current trading range is $3,300-$3,380.
XAU/USD
buy@3310-3320-3330
tp:3350-3360-3370
sell@3380-3370-3360
tp:3345-3335-3325
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
Elliott Wave Analysis – XAUUSD | June 11, 2025Currently, the price is moving sideways within a channel.
🔍 Wave Structure Analysis:
Looking closely at the wave patterns inside this price channel, we can clearly see a series of 3-wave structures developing. Previously, we also observed what appears to be an abc corrective pattern (black), which leads me to suspect that we might be forming a triangle structure as the beginning of a wave 1 sequence (12345 in green).
It seems that wave 4 has already completed, and the price is currently in wave 5. Structurally, wave 5 may take the form of a 3-wave move, and the key confirmation we want to see is a break above 3349, signaling that the top of wave 5 is in place.
☄️ Typically, once a wave 1 triangle completes, the market tends to enter a sharp and deep corrective move in the form of a zigzag.
🎯 Potential Target Zones (based on Fibonacci + Volume Profile):
Target Zone 1: 3352 – 3355
Target Zone 2: 3362 – 3365
⚡️ Momentum Outlook :
D1 Momentum: Starting to turn bullish, suggesting the current correction is nearing completion and we could see a bullish week ahead.
H4 Momentum: Currently in overbought territory – I expect the price to break above 3349, followed by a momentum reversal on H4, which could provide a great SELL opportunity at the upper targets.
H1 Momentum: Is about to turn bearish, indicating a short-term pullback may occur. If this correction fails to break below 3315, the price may be completing wave 5 as a 3-wave structure. In that case, we should wait for H1 momentum to turn bullish and then bearish again to confirm wave 5 completion.
📌 Trading Plan :
🔻 SELL Zone: 3352 – 3355
⛔️ Stop Loss: 3369
🎯 TP1: 3334
🎯 TP2: 3307
Gold Weekly Chart May Form a Mid-Term Bearish Pattern (3142)Gold faced resistance near 3338 and has pulled back,
but the 2-hour chart still suggests that the rebound isn’t over yet, with short-term targets at 3340–3350.
—
📌 For Long Position Holders:
If you're stuck in long positions, consider adding near 3326–3316 support
to average down the cost and prepare for an exit on the next rebound.
⚠️ However, be mindful of your account risk —
If your position is deeply in the red or the account is under pressure, closing out early might be the smarter move.
—
📅 Key Focus This Week: Weekly Chart Signals Critical
🔸 Price is currently testing weekly MA10 — a break below it would target MA20 around 3142
🔸 On the daily chart, MA60 is at 3234, and if support near 3388 breaks,
combined with weak rebound volume, a bearish trend could be confirmed.
In that case, even the 3273 support may fail under bearish momentum.
—
📣 Bottom Line: The bullish setup isn’t invalidated yet,
but caution is crucial when trading long —
📉 If momentum fades, adjust your strategy quickly to protect capital.
Gold is in a state of shock again, the market is waiting for CPI📰 Impact of news:
1. May CPI data
📈 Market analysis:
Gold is still fluctuating, and the bulls and bears are currently in a stalemate. The market is waiting for the release of today's CPI data. From the 1H chart, the Bollinger Bands are narrowing, and the gold price is above the 3331 middle track. RSI is stuck at 55, and the MACD golden cross green column is narrowing. For short-term trading, pay attention to the resistance of 3340-3350, and the support of 3320-3310 below.
🏅 Trading strategies:
SELL 3340-3350
TP 3320-3310-3300
BUY 3320-3310
TP 3330-3345
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
gold on short buy#XAUUSD price have been multiple retesting and continuation on bullish, now we expect price to hit 3362-3364 for bearish.
Buy limit at 3342.5, SL 3335, TP 3362-3364.
Above 3349 holds bullish range also.
Above the rectangle 3362-3364 holds bearish reversal.
If H1 closes below 3332 then bearish is active also
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD PAY ATTENTION TO BULISHXAUUSD (Gold) Technical Signal ⚠️ | Price action is forming a classic bull flag pattern, showing consolidation after a strong upward move. The flag is starting to 'blush' — early signs of momentum building for a potential breakout. If price breaks above the upper trendline with volume confirmation, we could see a continuation toward higher resistance levels. Traders, keep a close eye – gold may be preparing for its next leg up. #XAUUSD #GoldSignal #BullFlag #TechnicalAnalysis #ForexSignals #GoldBreakout #PriceAction"
GOLD under Influence Of CPI and US-CHINA Trade Agreement.3323-3350 is still Consolidation area until CPI shows any movement.
Also US-CHINA both agreed for new trade deal in London. It's gonna have a strong negative fundamental affect on the price during NY.
Price has already broken the pattern and currently consolidating till CPI. There's clear strong zone around 3350 which seems like holding due to US-CHINA agreement. Expecting a push down under 3250.
GOLD M30 intraday chart update for 11 June 25Hello Trader, Welcome to the US CPI Day
AS you can see that market is still below 3350 Psychological level with given rewards multi-time from that level
now all eyes on US CPI if market successfully breaks 3350-60 zone today the it will move towards 3370/80 or even 3400 psychological level
below 3350 psychological level market remains bearish for shorter term
Disclaimer: Forex is Risky
Trade negotiations and CPI data may trigger sharp volatility.Gold prices have maintained a consolidative pattern after completing retracement adjustments at the start of the week, with two key events today potentially breaking the calm:
1. China-US Trade Negotiation Outcome Pending
Chinese representative Li Chenggang disclosed that both sides have "reached a framework agreement in principle," characterizing the negotiations as "professional, rational, in-depth and candid." However, the market should be wary that this outcome may fall short of expectations—compared with previous talks, this round of consultations faces notably higher resistance. Specific clauses in the joint statement (such as the magnitude of tariff reductions and the scope of technical export restrictions relaxation) will directly influence risk sentiment. A dovish-leaning agreement may trigger short-term profit-taking in gold.
2. May CPI Data in Focus Tonight
The market expects inflation data to rebound month-on-month. If the actual figure exceeds expectations:
- Bullish scenario: Rising inflation suppresses consumption and drags on economic growth, with gold's inflation-hedging attribute likely to attract safe-haven buying;
- Bearish scenario: Elevated inflation may weaken expectations of Federal Reserve rate cuts—if inflation persists above the 2% target, the Fed may pivot to contractionary policies (such as delaying rate cuts or balance sheet reduction), curbing gold's upside potential.
Trading Strategy Notes
The sustainability of the current gold rebound remains questionable, with investors advised to guard against the risk of "post-event reversal":
- Technical levels: Dense resistance at 3,330–3,350,with3,295 serving as the short-term support threshold;
- Trading advice: Avoid chasing rallies. Consider light short positions at resistance levels, or wait for data release to trade with the emerging volatility;
- Risk management: With two major events converging, volatility may surge. It is recommended to reduce position sizes and implement trailing stops.
XAU/USD
buy@3305-3315
tp:3335-3345
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
XAUUSD Bearish Rejection Setup Unfolding – June 11, 2025XAUUSD Bearish Rejection Setup Unfolding – June 11, 2025 🧠🔍
📊 Technical Breakdown:
🔴 Resistance Rejection Zone (Supply Area)
Price recently tested the $3,440 - $3,460 resistance zone, marked with red arrows. This zone previously acted as a strong supply area, leading to aggressive sell-offs.
📉 Bearish Rejection Candle
A rejection occurred near the same supply zone again, hinting at a potential double top or failure to break structure. Sellers seem to defend this area aggressively.
📍 Current Price: $3,338.6
Price is hovering below mid-range resistance at $3,396.5, indicating weakness after a failed breakout.
📉 Bearish Plan in Motion:
🔁 Scenario Highlighted:
Price might retest the $3,396.5 level (purple line) before resuming the downward move (illustrated by the blue and black arrows).
A breakdown below the $3,290.3 support zone will likely trigger further downside.
🎯 Target Levels:
1st Target: $3,290.3 – Key structural support. A close below this level will confirm the bearish momentum.
2nd Target: $3,207.0 – Final support area aligned with previous accumulation zone.
🛑 Invalidation Point:
A sustained breakout above $3,460 would invalidate the bearish bias and suggest continuation to the upside.
✅ Summary:
Bias: Bearish 📉
Strategy: Sell on pullback to $3,396.5 with stops above $3,460.
Targets: 🎯 $3,290.3 ➡️ $3,207.0
Watch for a strong bearish confirmation candle below $3,290.3 to load in shorts.
🔔 Stay alert for volume spikes and lower time-frame breakdowns to fine-tune entries! 💼📊
XAUUSD Builds Higher Floors – 3350 Under Pressure1. Recap of Yesterday’s View
In yesterday’s analysis, I noted that Gold appeared to have built a strong floor around 3300, and while the 3340–3350 resistance zone was still capping the upside, the structure hinted at a potential breakout.
2. What Happened Since?
✅ Price once again rallied into resistance and was rejected.
But here’s the key shift:
🔹 This time, the drop only reached 3315, and it was quickly bought back.
🔹 A new higher base around 3320 is now visible.
🔹 Gold is already back into the resistance zone.
3. Technical Implication
This evolving structure signals bullish pressure is building.
Every dip is being bought higher than the last — a classic sign of demand stepping in.
We are now closer than ever to a confirmed breakout.
4. Trading Strategy
📌 A clear break and close above 3350 = breakout confirmed
🎯 Target: 3400 and above
📉 Until then, buying dips into 3315–3320 remains my preferred strategy.
5. Final Thoughts
The yellow metal is coiling tightly under resistance.
The higher floors are shouting one thing: buyers are in control.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Gold rebounds and repairs, is it a shock or a bull market?📰 Impact of news:
1. Geopolitical situation
2. Impact of the US dollar trend on gold
📈 Market analysis:
At the gold hourly level, after the pressure in the Asian session in the morning, it directly fell to the vicinity of 3302. The big Yin effectively lost the lower track of the descending flag consolidation channel. The original 3318 line was the confirmation of the channel counter-pressure point, which happened to be the 61.8% split resistance level at that time. At the same time, it lost the middle track. Therefore, we gave a trading idea of looking at the rebound under pressure and continuing to decline in the European session. As a result, the market directly took a V-shaped wash-up and once pulled up to the vicinity of 3342.
The European session fluctuated strongly and rose. Before and after the US session, it took advantage of the retracement to lure the short position, and there is still the possibility of a second pull-up space. Therefore, in the subsequent retracement support level, pay attention to two positions, one is 3322-3324, and the other is the 61.8% division support level of 3318. If it stabilizes, there is a high probability that there will be a second upward space, pointing to 3348. If the pressure here cannot be overcome, the bottom will continue to oscillate back and forth. At that time, it will fall back to see if a secondary low point can be formed to further stabilize the support. If it goes straight through and stands on it, 3293 may already be the short-term low.
On the whole, I still hold short orders before the effective breakthrough of 3345, but at the same time, as the gold price rebounds and moves upward, the short-term support level is temporarily expected to be 3325-3320.
🏅 Trading strategies:
SELL 3335-3345
TP 3325-3315
BUY 3325-3330
TP 3350-3360
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
XAUUSD 200 pip FVG drop?XAUUSD Finally started to break below to the major direction of the trend. After crossing the daily high, price started to break below upon retest of the neck line of the 4H head and shoulder.
As the market has got rejected from daily resistance we see possible drop back to daily low or even test of the strong liquidity zone on the monthly support level.
Upon price action confirmation, a sell trade is high probable
GOLD TODAYHello friends🙌
🔊Due to the weakness of buyers and the strength of sellers, the price continues to fall...
We have identified two supports for you that will not be seen if the price continues to fall, and if the selling pressure increases, we will update you.
🔥Join us for more signals🔥
*Trade safely with us*
6/10 Gold Analysis and Trading SignalsGood afternoon, traders!
Gold continues to move within the predefined trading range from yesterday. Both the short from 3338 and the long from 3306 turned out profitable. Currently, price action is developing into a potential double bottom, with price once again testing key resistance around 3338.
🔍 Key Technical Outlook:
If gold breaks above 3338 decisively, and can hold above 3317 on any pullback, the next bullish target area lies between 3345 / 3352–3368.
However, if price fails to break out, then focus shifts back to the 3303–3286 support zone, which may serve as a potential buy region again.
📉 4H Trend Structure:
On the 4-hour chart, price has already broken below the previous uptrend line.
For the bulls to reclaim control, gold must re-establish above 3350 and sustain momentum. Failure to do so confirms bearish dominance, with the next major support near 3257.
Any weak rebound below key resistance can be treated as a short-selling opportunity.
📊 Macro Focus:
No major economic releases today, but traders should prepare for tomorrow's CPI data, which could be a key driver for gold volatility and inflation sentiment.
📌 Today’s Trading Plan:
✅ Buy zone: 3296–3286
✅ Sell zone: 3348–3358
🔄 Pivot levels for flexible intraday trades:
3343 / 3334 / 3326 / 3318 / 3309 / 3300
Stay cautious, manage position sizes wisely, and be alert for momentum shifts as CPI draws closer.
Gold is in the Bearish DirectionHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
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🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
XAUUSD: Analysis June 10Gold recovered to nearly 3340 yesterday after a sharp decline at the end of last week. But gold then declined again as the market digested positive signals from the US-China trade talks. There is no important economic data released from the US today, investors continue to monitor the developments of the US-China trade talks and CPI data released on Wednesday.
After falling to test the broken down channel, gold rebounded to near 3340. It is currently declining again, but is still moving steadily above the psychological support zone of 3300. In the European session, you can buy gold again when approaching this support zone again. Or you can sell according to the two resistance zones above.
GOLD M30 Intraday Chart Update For 10 June 2025Hello Traders
Market tested 3302 level this morning and move back towards 3340 SBR structure zone
all eyes on 3340 level clear breakout once market breaks 3340 level it will move towards 3350 Psychological Level or even 3365
Key Support for the day 3300 Psychological Level
Disclaimer: Forex is Risky
Gold rises and then falls, short at 3330📰 Impact of news:
1. Geopolitical situation
2. Impact of the US dollar trend on gold
📈 Market analysis:
Gold rebounded again after falling to 3301, but the upper 3330-3340 line still has strong suppression on gold. Judging from the current trend, because the gold price has risen in the short term and returned to the 3325-3327 line, the short-term resistance is still 3330-3335 and it is expected to fall under pressure. Look for the 3315-3310 position. If it falls below this support, look down to the 3300-3290 line.
🏅 Trading strategies:
SELL 3330-3340
TP 3315-3310-3300
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
Gold Outlook: From Resistance Rejection to Bullish Revival1. Recap of Yesterday's Expectations
In my previous analysis, I highlighted the 3340–3350 zone as key resistance and suggested that any rise into that area could give sellers a better entry.
✅ Indeed, price rallied into that zone and was rejected, validating the plan.
2. What Happened Next?
After rejecting the resistance, gold touched 3300 again, but again, the bulls stepped in:
🔹 A higher low formed compared to the previous day.
🔹 This suggests the market is now shifting its structure from down to potential up.
3. Why 3300 Looks Like the New Floor
Several bullish clues:
- The quick bounce back to 3330 shows buying power.
- Price structure is developing a series of higher lows.
- This suggests growing confidence from buyers.
4. Trading Plan
🔸 A break above 3340 would confirm bullish momentum and open the door toward 3400 again.
🔸 Any dives toward 3300 should now be viewed as potential buying opportunities.
5. Final Thoughts
The market is telling a story of bullish pressure building under 3340 and potential break back above.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.