Gold is attempting to recover after bouncing from the $2,891-$2,895 support area (green arrow). The recent breakdown led to a retest of the major demand zone, which has historically provided strong buying interest.
🔹 Support & Resistance Levels:
Support: $2,891-$2,895 (blue line & previous demand).
Resistance: $2,939-$2,945 (red arrow) – a key supply zone that must be cleared for further upside.
🔹 Bullish Case:
If price breaks above $2,939-$2,945, we could see a push toward $2,956+ (previous highs).
The bounce from the lower Bollinger Band and VWAP support signals potential upside momentum.
🔹 Bearish Case:
If price fails to break above $2,939, another drop to $2,891 or lower is possible.
A rejection from resistance could confirm a lower high, signaling continued weakness.
⚠️ Key Level to Watch: $2,939-$2,945 – Breakout or Rejection?
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.