Gold is currently trading around the 3641 level, and the near-term price action suggests a mild bullish momentum may persist toward the 3660–3664 resistance zone. This area represents a potential supply zone, where sellers may re-enter the market, leading to a reversal.
Should price action show signs of exhaustion or bearish confirmation in this zone, we anticipate a downward move targeting the 3612 support level — a key structural level on the intraday chart. A decisive break below 3612 would likely trigger further downside pressure, exposing the next support at 3590.
If bearish momentum sustains and price breaches 3590, the 3540 level emerges as the next significant support, where buyers may look to defend the medium-term trend.
⚠️ Risk Factors to Watch:
US Dollar Index (DXY) – Strength could cap gold upside.
US CPI / Fed Announcements – Any hawkish surprise may invalidate bullish setups.
Geopolitical News – Gold tends to react sharply to risk-off sentime
Should price action show signs of exhaustion or bearish confirmation in this zone, we anticipate a downward move targeting the 3612 support level — a key structural level on the intraday chart. A decisive break below 3612 would likely trigger further downside pressure, exposing the next support at 3590.
If bearish momentum sustains and price breaches 3590, the 3540 level emerges as the next significant support, where buyers may look to defend the medium-term trend.
⚠️ Risk Factors to Watch:
US Dollar Index (DXY) – Strength could cap gold upside.
US CPI / Fed Announcements – Any hawkish surprise may invalidate bullish setups.
Geopolitical News – Gold tends to react sharply to risk-off sentime
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.