Yesterday, we highlighted that gold had reclaimed the 200MA and that the $3,327 support level needed to hold for further upside. Since then, price has steadily climbed and is now testing the $3,364 resistance — a level that also aligns with an unfilled gap.
Price action remains bullish for now, with price holding firmly above both the 50MA and 200MA.
If buyers manage to clear and hold above $3,364, we could see further upside toward $3,383 and $3,400, with possible extension into $3,418.
However, if price fails to break above $3,364, we may see a pullback into the $3,335–$3,327 zone. A break below there could open the door for a deeper drop into $3,298 or even $3,270.
📌 Key Levels to Watch:
Resistance:
$3,364 • $3,383 • $3,400 • $3,418
Support:
$3,352 •$3,335 - $3,327 • $3,298 • $3,270
🧠 Fundamental Focus:
📌 ADP Non-Farm Employment Change
📌 Initial Jobless Claims
📌 ISM Services PMI
📌 ISM Non-Manufacturing PMI
⚠️ With multiple red folder events on the calendar, expect elevated intraday volatility. Manage risk accordingly.
Price action remains bullish for now, with price holding firmly above both the 50MA and 200MA.
If buyers manage to clear and hold above $3,364, we could see further upside toward $3,383 and $3,400, with possible extension into $3,418.
However, if price fails to break above $3,364, we may see a pullback into the $3,335–$3,327 zone. A break below there could open the door for a deeper drop into $3,298 or even $3,270.
📌 Key Levels to Watch:
Resistance:
$3,364 • $3,383 • $3,400 • $3,418
Support:
$3,352 •$3,335 - $3,327 • $3,298 • $3,270
🧠 Fundamental Focus:
📌 ADP Non-Farm Employment Change
📌 Initial Jobless Claims
📌 ISM Services PMI
📌 ISM Non-Manufacturing PMI
⚠️ With multiple red folder events on the calendar, expect elevated intraday volatility. Manage risk accordingly.
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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.