7/7: Key Zone – 3320 to 3350

7 天前

Good morning, everyone!

Due to the U.S. market closure on Friday, price movement remained relatively subdued, and the week concluded with modest gains. As of this morning, gold opened higher but has since pulled back, and the price remains in a consolidation phase.

Key technical levels for today:

Resistance: around 3350

Support: near 3321

Short-term traders may focus on range-bound strategies between these levels. If a breakout occurs, follow the trend accordingly:

If price breaks above and stabilizes above 3338, the market may shift its focus toward the 3400 psychological level;

If price drops below and holds under 3332, there’s potential for a retest of the 3260 support zone.

In terms of broader trend analysis, the MA20 and MA60 on the daily chart should be watched closely, as they currently serve as key dynamic resistance and support levels.

Lastly, stay alert to any developments related to trade tariffs, as such news may significantly impact market sentiment and gold price direction.

6 天前

交易進行

After reaching the target support zone, gold has rebounded and is now trading near the 3321 resistance level. Pay close attention to the 3332–3338 zone, as a confirmed breakout or rejection in this area will likely determine the next short-term direction.