Gold is currently moving within a tight range between $3,385.01 (resistance) and $3,358.87 (support). Price has tested both edges multiple times, but without any clean follow through. The movement inside this zone is choppy and lacks momentum.
While trades inside the range are possible, they carry more risk due to inconsistent structure and quick reversals. The better setup is to wait for a confirmed break on either side.
Key Levels:
→ A 30 minute candle close above $3,385.01 could bring buyers in, with upside targets near $3,389.09 and beyond.
→ A clean break and close below $3,358.87 would shift momentum to the downside and may open the path toward $3,353.25 or lower.
For now, it’s a range with no clear dominance. Staying patient and waiting for a breakout gives better risk to reward.
#XAUUSD #Gold #PriceAction #RangeSetup #BreakoutTrade #SupportResistance #30mChart
While trades inside the range are possible, they carry more risk due to inconsistent structure and quick reversals. The better setup is to wait for a confirmed break on either side.
Key Levels:
→ A 30 minute candle close above $3,385.01 could bring buyers in, with upside targets near $3,389.09 and beyond.
→ A clean break and close below $3,358.87 would shift momentum to the downside and may open the path toward $3,353.25 or lower.
For now, it’s a range with no clear dominance. Staying patient and waiting for a breakout gives better risk to reward.
#XAUUSD #Gold #PriceAction #RangeSetup #BreakoutTrade #SupportResistance #30mChart
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.