7/15: Watch for Long Opportunities Around 3343 / 3332–3326Good morning, everyone!
Yesterday, gold rose into the resistance zone before pulling back, testing support around 3343. After today’s open, the price continues to consolidate near this support level.
On the 30-minute chart, there is a visible need for a technical rebound, while the 2-hour chart suggests that the broader downward movement may not be fully completed. The MA60 support area remains a key level to watch.
If support holds firm, the price may form a double bottom or a multi-bottom structure, potentially leading to a stronger rebound.
As such, the primary trading strategy for today is to look for long opportunities on pullbacks, with key levels as follows:
🔽 Support: 3343, and 3332–3326 zone
🔼 Resistance: 3352–3358, followed by the 3372–3378 upper resistance band
