Gold Spot is sitting at a critical inflection point — and if you’ve been watching the charts, you know exactly where the pressure is building: the $3167 zone.
This level has acted as a mid-term support floor, cushioning gold’s recent corrections and providing bulls with a lifeline. But that cushion is now getting thinner, and if price action breaks below this area decisively, the implications could be sharply bearish.
👀Why $3167 Matters👀
Take a look at the recent structure. Every bounce, every bullish attempt in the past week, has leaned on $3167. It's not just some random line — it’s where buyers have consistently stepped in to defend.
But now? The bounces are getting weaker. Volume’s fading. And price is consolidating right above support — never a good sign.
If gold breaks $3167 and closes below it, expect an acceleration to the downside. Momentum traders will likely pile in, and we could see a quick slide into the $3075–3052 zone, where the next real demand sits.
✨What I’m Watching✨
🎁The Bearish Scenario
If the break happens, I’ll be targeting $3052 for the first bounce. That’s where previous accumulation kicked in — and it lines up with a cluster of reaction lows from late April. It’s also a psychological round number and a potential spot for intraday reversal plays.
This level has acted as a mid-term support floor, cushioning gold’s recent corrections and providing bulls with a lifeline. But that cushion is now getting thinner, and if price action breaks below this area decisively, the implications could be sharply bearish.
👀Why $3167 Matters👀
Take a look at the recent structure. Every bounce, every bullish attempt in the past week, has leaned on $3167. It's not just some random line — it’s where buyers have consistently stepped in to defend.
But now? The bounces are getting weaker. Volume’s fading. And price is consolidating right above support — never a good sign.
If gold breaks $3167 and closes below it, expect an acceleration to the downside. Momentum traders will likely pile in, and we could see a quick slide into the $3075–3052 zone, where the next real demand sits.
✨What I’m Watching✨
- A clean hourly candle close below $3167 — ideally with follow-through volume.
- Any retest of $3167 after a breakdown could offer a textbook entry for shorts.
🎁The Bearish Scenario
If the break happens, I’ll be targeting $3052 for the first bounce. That’s where previous accumulation kicked in — and it lines up with a cluster of reaction lows from late April. It’s also a psychological round number and a potential spot for intraday reversal plays.
액티브 트레이드
towards targetProud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
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My recommended Exchange -> YEX: bit.ly/YEX-M
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Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.