Gold CMP 3290
Yesterday on the Hourly chart, Gold gave a Buy Signal at 3257, and today it rallied up to 3395 — a clear momentum of 138 points. It also gave a fresh breakout on the 4H time frame, indicating strong upward momentum.
Currently, resistance is seen at the 3420 levels.
If Gold breaches 3420, we could see further upside toward 3450–3465+ levels.
However, failure to breach 3420 may trigger a reversal.
Positional traders can continue to Hold Gold positions with a Stop Loss at 3355 levels
Yesterday on the Hourly chart, Gold gave a Buy Signal at 3257, and today it rallied up to 3395 — a clear momentum of 138 points. It also gave a fresh breakout on the 4H time frame, indicating strong upward momentum.
Currently, resistance is seen at the 3420 levels.
If Gold breaches 3420, we could see further upside toward 3450–3465+ levels.
However, failure to breach 3420 may trigger a reversal.
Positional traders can continue to Hold Gold positions with a Stop Loss at 3355 levels
Trade closed: target reached
🟡 Gold Update – Levels Respected PerfectlyGold touched the 3420 level as expected, and after breaking above, it tested 3448, just shy of the 3450 resistance. From there, it reversed perfectly, hitting all projected targets.
✅ All targets achieved.
📌 Follow the comments section below for real-time updates and next possible moves on Gold.
#Gold #XAUUSD #PriceAction #ResistanceLevels #TrendReversal #iSpark #Commodities #TechnicalAnalysis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.