#GOLD is trading around $3,860. Earlier in my premium channel, I mentioned that confirmation above $4,000 could open the path toward $4,800 when gold was trading near $3,000.
🔸 Key Support Zone at $3,250–$3,550:
Price is currently mixed around $3,900–$4,000, with a real chance of cooling down toward $3,400–$3,200 before resuming higher. This remains a strong accumulation zone.
🔸 Upside Target: $4,700–$4,800
The long-term bullish outlook is intact, with targets above $4,700 once the consolidation phase ends.
🔸 Risk Level at $3,200:
A breakdown below $3,200 would invalidate the bullish scenario and open the door for deeper downside.
🔸 Outlook:
If you are holding: Stay patient and keep positions for the upside target.
If you are not holding: Fresh buying opportunities may come near $3,500–$3,200.
🔸 Key Support Zone at $3,250–$3,550:
Price is currently mixed around $3,900–$4,000, with a real chance of cooling down toward $3,400–$3,200 before resuming higher. This remains a strong accumulation zone.
🔸 Upside Target: $4,700–$4,800
The long-term bullish outlook is intact, with targets above $4,700 once the consolidation phase ends.
🔸 Risk Level at $3,200:
A breakdown below $3,200 would invalidate the bullish scenario and open the door for deeper downside.
🔸 Outlook:
If you are holding: Stay patient and keep positions for the upside target.
If you are not holding: Fresh buying opportunities may come near $3,500–$3,200.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.