Market Overview
Gold extended its intraday decline on Monday, falling below the $3,382 confluence support, which included the 100-hour SMA and the lower boundary of a short-term ascending channel.
Short-term oscillators are gaining negative momentum, hinting at a potential continuation of the bearish move.
Key Technical Levels
📉 Downside Scenario:
Primary support zone: $3,353 – $3,350
A decisive break below could expose $3,315 and then the $3,300 psychological level.
📈 Upside Scenario:
Immediate resistance: $3,400
Bullish invalidation level: $3,409 – $3,410 (last week’s high)
Next upside targets: $3,422 – $3,423 ➡ $3,434 – $3,435
Sustained breakout could open the path to $3,500 (April all-time high).
Gold Scalping Signals Insight
While short-term bias leans bearish, strong daily and 4H chart signals suggest the $3,353–$3,350 support zone could hold, offering potential bounce opportunities.
Our VIP members already have exact entry, stop-loss, and take-profit levels for both bullish and bearish setups.
