Gold is trading within an established ascending channel, with the latest pullback testing both horizontal and trendline support around $3,345.
Technical Analysis
Price has been respecting the ascending channel since late July, with multiple touches on both support and resistance.
The recent decline from $3,405 tested $3,345 support and the lower channel boundary.
Buyers have shown signs of defending this area, aligning with potential bullish continuation.
Bullish Outlook Above $3,345 support:
First target: $3,381 POI
Second target: $3,405 resistance zone
Extended target: $3,434 POI
Key Levels
POINTS: $3,381 / $3,434
Resistance: $3,405
Support: $3,345 / $3,344 (trendline confluence)
Bias: Bullish while above $3,345
Conclusion: As long as Gold holds the $3,345 support and channel structure, the bias remains toward a retest of $3,381–$3,405, with scope for an extension to $3,434.
Technical Analysis
Price has been respecting the ascending channel since late July, with multiple touches on both support and resistance.
The recent decline from $3,405 tested $3,345 support and the lower channel boundary.
Buyers have shown signs of defending this area, aligning with potential bullish continuation.
Bullish Outlook Above $3,345 support:
First target: $3,381 POI
Second target: $3,405 resistance zone
Extended target: $3,434 POI
Key Levels
POINTS: $3,381 / $3,434
Resistance: $3,405
Support: $3,345 / $3,344 (trendline confluence)
Bias: Bullish while above $3,345
Conclusion: As long as Gold holds the $3,345 support and channel structure, the bias remains toward a retest of $3,381–$3,405, with scope for an extension to $3,434.
Trade attivo
Pubblicazioni correlate
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.