Market Overview:
Gold tested and respected a key support zone around 3340–3345, aligning with the 144-period EMA and a prior accumulation area. The market is showing signs of bullish recovery, with a potential ABCD continuation pattern suggesting further upside toward key resistance levels.
Technical Signals & Formations:
— Rising trend channel remains intact
— Correction found strong support at demand zone
— EMA(144) acts as dynamic support
— Emerging bullish structure suggests continuation toward higher highs
Key Levels:
Support: 3340–3339, 3282
Resistance: 3366, 3375, 3394, 3410
Scenario:
Primary: holding above 3340 may trigger a rally toward 3375, 3394, and 3410.
Alternative: a break below 3339 would shift focus toward the 3282 zone.
Gold tested and respected a key support zone around 3340–3345, aligning with the 144-period EMA and a prior accumulation area. The market is showing signs of bullish recovery, with a potential ABCD continuation pattern suggesting further upside toward key resistance levels.
Technical Signals & Formations:
— Rising trend channel remains intact
— Correction found strong support at demand zone
— EMA(144) acts as dynamic support
— Emerging bullish structure suggests continuation toward higher highs
Key Levels:
Support: 3340–3339, 3282
Resistance: 3366, 3375, 3394, 3410
Scenario:
Primary: holding above 3340 may trigger a rally toward 3375, 3394, and 3410.
Alternative: a break below 3339 would shift focus toward the 3282 zone.
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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.
Stop losing money on random trades. Get ready-to-use signals with entry, stop-loss, and targets. Over +1100% profit. 1 month free. Simple. Clear. Profitable.
Join now: t.me/+ve3cSINHpoowNDIy
Join now: t.me/+ve3cSINHpoowNDIy
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.