It looks like we printed our low on Tuesday (June 24th), and now gold is showing some signs of reversal with the current bounce. The key question is whether this momentum can sustain itself through some critical resistance zones.
Key Resistance Levels to Watch:
3350-55 - This is our first major test. this level is the confluence with the 0.38 Fibonacci retracement level. If we see a clean break here with volume, it sets up the next target.
3380-85 - This is the big one for today and this week. this level also aligns with the weekly pivot. If the bulls can claim this territory and hold it into the close, we're likely looking at a continuation higher toward upper levels around 3400+.
Support Levels:
The PDL is now acting as our immediate support level. Below that, we've still got that psychological 3300 level as major support ,the same area that provided the floor earlier this week.
Key Resistance Levels to Watch:
3350-55 - This is our first major test. this level is the confluence with the 0.38 Fibonacci retracement level. If we see a clean break here with volume, it sets up the next target.
3380-85 - This is the big one for today and this week. this level also aligns with the weekly pivot. If the bulls can claim this territory and hold it into the close, we're likely looking at a continuation higher toward upper levels around 3400+.
Support Levels:
The PDL is now acting as our immediate support level. Below that, we've still got that psychological 3300 level as major support ,the same area that provided the floor earlier this week.
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✅For Live Update on Gold Price and trade opportunities ; Join Free community
t.me/livepriceactiontrading
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Penerbitan berkaitan
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.