Gold broke above the 3,362 resistance and extended its rally into the 3,400 resistance zone, currently trading around 3,386. Price remains comfortably above both the 50MA and 200MA, which are sloping upward and acting as dynamic support—keeping short‑term structure bullish.
A confirmed break and hold above 3,400 would open the path toward the next upside targets at 3,416 and 3,440, with 3,458 as a higher‑timeframe extension if momentum continues.
If price fails to sustain above 3,383–3,400 and begins to fade, watch the initial pullback toward 3,362.
A deeper move below that would shift focus to the Pullback Support Zone.
Failure to hold there could expose price to the Support Zone and potentially the HTF Support Zone if bearish pressure builds.
📌 Key Levels to Watch
Resistance:
3,383 ‣ 3,400 ‣ 3,416 ‣ 3,440
Support:
3,362 ‣ 3,336 ‣ 3,317 ‣ 3,302 ‣ 3,289
🔎 Fundamental Focus –
📌 Fed Chair Powell Speaks – key event that can move USD and gold sharply.
A confirmed break and hold above 3,400 would open the path toward the next upside targets at 3,416 and 3,440, with 3,458 as a higher‑timeframe extension if momentum continues.
If price fails to sustain above 3,383–3,400 and begins to fade, watch the initial pullback toward 3,362.
A deeper move below that would shift focus to the Pullback Support Zone.
Failure to hold there could expose price to the Support Zone and potentially the HTF Support Zone if bearish pressure builds.
📌 Key Levels to Watch
Resistance:
3,383 ‣ 3,400 ‣ 3,416 ‣ 3,440
Support:
3,362 ‣ 3,336 ‣ 3,317 ‣ 3,302 ‣ 3,289
🔎 Fundamental Focus –
📌 Fed Chair Powell Speaks – key event that can move USD and gold sharply.
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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.