Gold has shown a strong bounce from a key support zone around $3,120, which previously acted as resistance. This area is now proving to be a solid demand zone.
✅ On lower timeframes (5m, 15m, 30m), we’re seeing a clear structure shift with Higher Highs (HHs) forming, indicating early signs of bullish momentum.
🧠 On the 1H timeframe, the Change of Character (CHoCH) level is around $3,270 — a clean break above this could confirm a bullish market structure shift.
🎯 If $3,270 is reclaimed with strength, potential upside targets could be:
$3,350 (mid-range supply)
$3,400 (previous weekly high)
This aligns with smart money concepts (CHoCH → BOS → expansion) and we are currently in the Discount zone, making this an attractive area for potential long positions.
📌 Levels to Watch:
Support: $3,120
CHoCH: $3,270
Targets: $3,350 / $3,400
✅ On lower timeframes (5m, 15m, 30m), we’re seeing a clear structure shift with Higher Highs (HHs) forming, indicating early signs of bullish momentum.
🧠 On the 1H timeframe, the Change of Character (CHoCH) level is around $3,270 — a clean break above this could confirm a bullish market structure shift.
🎯 If $3,270 is reclaimed with strength, potential upside targets could be:
$3,350 (mid-range supply)
$3,400 (previous weekly high)
This aligns with smart money concepts (CHoCH → BOS → expansion) and we are currently in the Discount zone, making this an attractive area for potential long positions.
📌 Levels to Watch:
Support: $3,120
CHoCH: $3,270
Targets: $3,350 / $3,400
Nota
Nota
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.