GOLD DAILY CHART ROUTE MAP

Hey Everyone,

Daily Chart Update – Another Clean Rejection: Structure Still Dominates

Following up on the recent price action last week after hitting the 3433 resistance level, we got exactly what the chart warned us about.

There was no confirmed break above 3433, which led to a clean rejection right back into 3272. Interestingly, the move aligned perfectly with the channel half-line, giving us another bounce right off that zone.

We remain in the same structured range, with price still rotating between 3262 and 3433, a 170+ pip zone that continues to deliver high probability trade setups.

Here’s where we are now:

🔹 Range Still Active
Price is respecting the 3272–3433 boundaries with precision. Until we get a decisive break and hold outside this range, range bound strategies remain in play.

🔹 No Breakout = Clean Rejection
The failure to sustain above 3433 confirms resistance is still valid. We're watching EMA5 for potential breakout confirmation, until then, the bias stays neutral within the range.

🔹 Channel Half-line Bounce
That rejection into 3272 also matched the channel half-line and the bounce there further cements this area as critical support.

Updated Key Levels

📉 Support – 3272
Still the major pivot. Buy zones remain valid here unless we see a confirmed breakdown.

📈 Resistance – 3433
Now clearly tested and rejected again. Any clean break and hold above could change the dynamic, but until then, it's solid resistance.

Thanks as always for your support.

Mr Gold
GoldViewFX