Gold has rallied back into a converging resistance zone — the intersection of the upper short-term trendline and longer-term descending trendline. Price is showing signs of hesitation here.
Price is pressing against the red diagonal resistance.
This level has rejected multiple times.
Setup targets a pullback toward mid-channel support near 3,407, then 3,388.
Stop positioned above resistance to protect against a breakout continuation.
Price is pressing against the red diagonal resistance.
This level has rejected multiple times.
Setup targets a pullback toward mid-channel support near 3,407, then 3,388.
Stop positioned above resistance to protect against a breakout continuation.
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