Gold has continued its rally, breaking through the 3,416 resistance and pushing into the next upside zone.
Price is now trading around 3,421, just below the 3,440 resistance cluster.
The structure remains bullish with price holding firmly above both the 50MA and 200MA, which are acting as dynamic support.
A confirmed break and hold above 3,440 would open the path toward 3,458 and potentially the higher‑timeframe target at 3,478 if momentum extends.
If price fails to sustain above 3,416–3,440 and begins to fade, watch the initial pullback toward 3,400.
A deeper move below that would shift focus to 3,383 - 3,362 and then the Pullback Support Zone.
Failure to hold there could expose price to the lower Support Zone if bearish pressure builds.
📌 Key Levels to Watch
Resistance:
‣ 3,440
‣ 3,458
‣ 3,478
Support:
‣ 3,416
‣ 3,400
‣ 3,383
‣ 3,362
‣ 3,336
🔎 Fundamental Focus
⚠️Not much on the calendar today. Still, manage your risk and stay prepared for any unexpected volatility.
Price is now trading around 3,421, just below the 3,440 resistance cluster.
The structure remains bullish with price holding firmly above both the 50MA and 200MA, which are acting as dynamic support.
A confirmed break and hold above 3,440 would open the path toward 3,458 and potentially the higher‑timeframe target at 3,478 if momentum extends.
If price fails to sustain above 3,416–3,440 and begins to fade, watch the initial pullback toward 3,400.
A deeper move below that would shift focus to 3,383 - 3,362 and then the Pullback Support Zone.
Failure to hold there could expose price to the lower Support Zone if bearish pressure builds.
📌 Key Levels to Watch
Resistance:
‣ 3,440
‣ 3,458
‣ 3,478
Support:
‣ 3,416
‣ 3,400
‣ 3,383
‣ 3,362
‣ 3,336
🔎 Fundamental Focus
⚠️Not much on the calendar today. Still, manage your risk and stay prepared for any unexpected volatility.
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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.
Related publications
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.