Gold continues to show impressive strength, holding its bullish momentum without any major signs of rejection from higher levels. Price action is moving with a steady pace, consistently finding support on the rising trendline, which remains a key technical guide for intraday moves. The immediate horizontal support is now seen around 3850, and as long as price holds above both the trendline and this level, bulls are expected to remain firmly in control.
For bears to gain traction, they would need to drag price under the trendline and 3850 on a closing basis(H4 or Higher), which could open the door for a pullback. Until then, momentum clearly favors the upside. note that today marks month-end and quarter-end closing (EOQ), which may bring additional volatility and sharp intraday swings.
Overall, the bias remains bullish above 3850, with the trendline acting as dynamic support and a key zone to watch heading into the new month.
For bears to gain traction, they would need to drag price under the trendline and 3850 on a closing basis(H4 or Higher), which could open the door for a pullback. Until then, momentum clearly favors the upside. note that today marks month-end and quarter-end closing (EOQ), which may bring additional volatility and sharp intraday swings.
Overall, the bias remains bullish above 3850, with the trendline acting as dynamic support and a key zone to watch heading into the new month.
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✅For Live Update on Gold Price and trade opportunities ; Join Free community
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関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。