Gold has continued its bullish journey breaking through previous consolidation areas after a strong trendline breakout Now price is reacting around a major resistance zone near $3,357 – $3,370
Key Observations
Resistance Area Price is currently testing a strong resistance zone where sellers may emerge
Possible Scenarios
If bulls maintain control and break above $3,370 we could see the bullish momentum continue
If sellers step in at resistance we may see a deeper pullback toward the $3,318 – $3,288 support zone before a potential continuation
Support Zones to Watch
First support: $3,318
Deeper support levels: $3,288 and $3,245
Technical Insights:
Previous consolidations have provided strong platforms for bullish rallies
A retest of support could offer a healthier structure for further upside
Conclusion
Gold is at a critical resistance level. Traders should wait for confirmation: a clean breakout for continuation or a pullback for a better long setup. Either way this is a key area to watch for the next move!
Key Observations
Resistance Area Price is currently testing a strong resistance zone where sellers may emerge
Possible Scenarios
If bulls maintain control and break above $3,370 we could see the bullish momentum continue
If sellers step in at resistance we may see a deeper pullback toward the $3,318 – $3,288 support zone before a potential continuation
Support Zones to Watch
First support: $3,318
Deeper support levels: $3,288 and $3,245
Technical Insights:
Previous consolidations have provided strong platforms for bullish rallies
A retest of support could offer a healthier structure for further upside
Conclusion
Gold is at a critical resistance level. Traders should wait for confirmation: a clean breakout for continuation or a pullback for a better long setup. Either way this is a key area to watch for the next move!
交易進行
360pips runn交易結束：目標達成
taken
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