Gold Short Term Outlook Gold has held above the Pullback Support Zone (3,335–3,305) after yesterday’s volatility, with buyers stepping in to defend the zone.
Price is now trading around 3,338, caught between the 50MA and the 200MA.
Despite the recent dip, the structure remains supportive as long as price holds above 3,335.
A clean break and hold above 3,354 would confirm renewed bullish momentum, opening the path toward 3,383 and 3,400, with 3,416 as a higher‑timeframe target.
If price fails to clear 3,354 and turns lower again, watch for signs of exhaustion back into the Pullback Support Zone (3,335–3,305).
A decisive break below 3,305 would shift focus to the Support Zone (3,289–3,267), with further downside exposing the HTF Support Zone (3,241–3,208).
📌 Key Levels to Watch
Resistance:
‣ 3,354 ‣ 3,383 ‣ 3,400 ‣ 3,416
Support:
‣ 3,335 ‣ 3,305 ‣ 3,289 ‣ 3,267 ‣ 3,241
🔎Fundamental Focus
📌 4:00pm: UoM Sentiment & Inflation Expectations – can spark sharp USD/gold moves.
➡️ Expect volatility around releases.
