"Gold Setup: Buying Zone Rejection or Breakout Ahead?"
Gold is currently trading inside a buying zone (3380 – 3400) but facing rejection. Market structure is still holding higher lows, which keeps the bigger trend bullish, but short-term price action suggests a possible retracement move.
Resistance Zone: 3420 – 3440 (strong supply, previous rejection)
Key Support: 3330 – 3320 (major demand, higher low base)
Immediate Target: 3340 – 3360 (if rejection continues)
📉 Short-term bias: bearish correction toward 3340 – 3360
📈 Swing bias: bullish as long as 3330 – 3320 holds
🔑 My View:
I’ll be watching how price reacts around 3330 – 3320. Holding this level could trigger the next bullish leg toward 3420 – 3440. Losing it opens the door for deeper downside into 3280.
Gold is currently trading inside a buying zone (3380 – 3400) but facing rejection. Market structure is still holding higher lows, which keeps the bigger trend bullish, but short-term price action suggests a possible retracement move.
Resistance Zone: 3420 – 3440 (strong supply, previous rejection)
Key Support: 3330 – 3320 (major demand, higher low base)
Immediate Target: 3340 – 3360 (if rejection continues)
📉 Short-term bias: bearish correction toward 3340 – 3360
📈 Swing bias: bullish as long as 3330 – 3320 holds
🔑 My View:
I’ll be watching how price reacts around 3330 – 3320. Holding this level could trigger the next bullish leg toward 3420 – 3440. Losing it opens the door for deeper downside into 3280.
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.