Gold has extended its recovery and is now trading around 3,366, pushing into the next resistance cluster.
Price is holding firmly above both the 50MA and 200MA, which are now flattening and beginning to turn upward, acting as dynamic support.
A confirmed break and hold above 3,362 would open the path toward the next upside targets at 3,383 and 3,400, with 3,416 and 3,440 as higher‑timeframe resistance levels if momentum continues.
If price rejects the 3,362 resistance zone and fades lower, watch the Pullback Support Zone (3,336–3,317) closely. A break back below that area would shift focus to the broader Support Zone (3,289-3,267).
Failure to hold there could expose price to the deeper HTF Support Zone.
📌 Key Levels to Watch
Resistance:
3,362 ‣ 3,383 ‣ 3,400 ‣ 3,416
Support:
3,336 ‣ 3,317 ‣ 3,302 ‣ 3,289 ‣ 3,267
🔎 Fundamental Focus – Week of July 21–25
📌 Tuesday, Jul 22
Fed Chair Powell Speaks
📌 Thursday, Jul 24
Unemployment Claims
Flash Manufacturing PMI & Flash Services PMI
Price is holding firmly above both the 50MA and 200MA, which are now flattening and beginning to turn upward, acting as dynamic support.
A confirmed break and hold above 3,362 would open the path toward the next upside targets at 3,383 and 3,400, with 3,416 and 3,440 as higher‑timeframe resistance levels if momentum continues.
If price rejects the 3,362 resistance zone and fades lower, watch the Pullback Support Zone (3,336–3,317) closely. A break back below that area would shift focus to the broader Support Zone (3,289-3,267).
Failure to hold there could expose price to the deeper HTF Support Zone.
📌 Key Levels to Watch
Resistance:
3,362 ‣ 3,383 ‣ 3,400 ‣ 3,416
Support:
3,336 ‣ 3,317 ‣ 3,302 ‣ 3,289 ‣ 3,267
🔎 Fundamental Focus – Week of July 21–25
📌 Tuesday, Jul 22
Fed Chair Powell Speaks
📌 Thursday, Jul 24
Unemployment Claims
Flash Manufacturing PMI & Flash Services PMI
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.
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.