Gold is currently forming a symmetrical triangle within a broader consolidation zone, showing compression between lower highs and higher lows. Price is trading around the EMAs cluster, indicating indecision and a lack of clear momentum.
📌 Key Levels to Watch:
Resistance: 3347 – 3350 zone
Support: 3332 – 3335 zone
📈 Trade Idea:
Breakout Trade: Wait for a clear breakout and retest of the triangle pattern before entering. A breakout above 3350 with strong momentum and volume could open room toward 3362–3368.
Breakdown Trade: If price breaks below 3332 support with a bearish engulfing or strong volume, look for sell setups targeting 3320–3314 zone.
⏳ Wait for:
Breakout from triangle structure with strong impulsive candle
Volume confirmation
Clear direction and EMA alignment post-breakout
Avoid trading in the middle of the range to reduce risk of getting chopped. Let the market reveal direction first. Patience = Precision.
📌 Key Levels to Watch:
Resistance: 3347 – 3350 zone
Support: 3332 – 3335 zone
📈 Trade Idea:
Breakout Trade: Wait for a clear breakout and retest of the triangle pattern before entering. A breakout above 3350 with strong momentum and volume could open room toward 3362–3368.
Breakdown Trade: If price breaks below 3332 support with a bearish engulfing or strong volume, look for sell setups targeting 3320–3314 zone.
⏳ Wait for:
Breakout from triangle structure with strong impulsive candle
Volume confirmation
Clear direction and EMA alignment post-breakout
Avoid trading in the middle of the range to reduce risk of getting chopped. Let the market reveal direction first. Patience = Precision.
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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.