Gold is currently grinding inside a tight consolidation box, bouncing between 3198 and 3240 zones after a strong rally. This kind of price action typically signals a big breakout is loading — either a continuation up or a shakeout move down before reversal.
📈 Upside Bias:
If bulls break above 3240 decisively, gold can quickly race toward 3270 and eventually 3300, where the next major supply and psychological levels are stacked. Breakout traders will likely chase momentum.
📉 Downside Trap:
On the flip side, a breakdown below 3198 might trigger a liquidity hunt. Bears may drag it to the 3130–3150 zone where previous demand sits and value buyers could step in again.
🔎 Until then, this range is just a battle zone. Let it resolve.
🧠 Key Thought:
Watch for fake breakouts near news hours or U.S. session opens. Whichever side triggers, follow price aggressively — this kind of compression rarely lasts long.
Stay sharp. This range won't hold forever ⚔️💰
📈 Upside Bias:
If bulls break above 3240 decisively, gold can quickly race toward 3270 and eventually 3300, where the next major supply and psychological levels are stacked. Breakout traders will likely chase momentum.
📉 Downside Trap:
On the flip side, a breakdown below 3198 might trigger a liquidity hunt. Bears may drag it to the 3130–3150 zone where previous demand sits and value buyers could step in again.
🔎 Until then, this range is just a battle zone. Let it resolve.
🧠 Key Thought:
Watch for fake breakouts near news hours or U.S. session opens. Whichever side triggers, follow price aggressively — this kind of compression rarely lasts long.
Stay sharp. This range won't hold forever ⚔️💰
Trade active
Breakout happened Trading now at 3270 - More highs to come possibly . Trade closed: target reached
Target reached ! Trade closed !! 
Stay ahead of the market—Follow my channel for free insights~~ Telegram channel link below !
t.me/+jvSU52DTZAphYTc1
youtube.com/@TeamSpark-08
t.me/+jvSU52DTZAphYTc1
youtube.com/@TeamSpark-08
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.
Stay ahead of the market—Follow my channel for free insights~~ Telegram channel link below !
t.me/+jvSU52DTZAphYTc1
youtube.com/@TeamSpark-08
t.me/+jvSU52DTZAphYTc1
youtube.com/@TeamSpark-08
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.