Gold – Overview
Gold’s record-breaking rally saw profit-taking, with traders now awaiting direction from today’s ISM and ADP data, which are expected to drive volatility.
Technical Outlook:
📉 Bearish scenario: While trading below the pivot at 3,544, price may drop to 3,527. A confirmed 15M close below 3,527 would extend the move toward 3,512 → 3,498.
📈 Bullish scenario: Stabilization above 3,545 would support a corrective move toward 3,557. A confirmed 30M/1H close above 3,557 would accelerate bullish momentum toward 3,574 → 3,588.
Key Levels:
Pivot: 3,544
Support: 3,527 – 3,512 – 3,498
Resistance: 3,557 – 3,574 – 3,588
Bias: Bearish while below 3,544; bullish correction begins above 3,545 with momentum strengthening on a breakout above 3,557.
Gold’s record-breaking rally saw profit-taking, with traders now awaiting direction from today’s ISM and ADP data, which are expected to drive volatility.
Technical Outlook:
📉 Bearish scenario: While trading below the pivot at 3,544, price may drop to 3,527. A confirmed 15M close below 3,527 would extend the move toward 3,512 → 3,498.
📈 Bullish scenario: Stabilization above 3,545 would support a corrective move toward 3,557. A confirmed 30M/1H close above 3,557 would accelerate bullish momentum toward 3,574 → 3,588.
Key Levels:
Pivot: 3,544
Support: 3,527 – 3,512 – 3,498
Resistance: 3,557 – 3,574 – 3,588
Bias: Bearish while below 3,544; bullish correction begins above 3,545 with momentum strengthening on a breakout above 3,557.
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Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
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.