On the 15-minute chart, gold is consolidating around 3,374 – 3,376 after a minor pullback from the 3,385 zone. The current price structure is holding above the Fibonacci 0.618 retracement at 3,368 – 3,370, which shows that buyers are still in control of the short-term bullish momentum.
1. Key Resistance Levels
Immediate resistance: 3,385 – 3,390 (highlighted supply zone)
Extended resistance: 3,400 – 3,405 (Fib 3.618 extension)
2. Key Support Levels
Immediate support: 3,368 – 3,370 (Fib 0.618)
Strong support: 3,363 – 3,365 (Fib 0 level)
Deeper support: 3,350 – 3,352
3. Price Action & Technicals
EMA 20/50 (M15): Price is trading above, confirming bullish bias.
RSI (M15): Neutral with room to push higher.
Price action: Since the strong bullish impulse on Aug 23 (marked by the arrow), price has maintained higher lows, showing buyers remain in control.
4. Trading Strategies
Buy on dip (primary plan):
Entry: 3,368 – 3,370
TP1: 3,385 – 3,390
TP2: 3,400 – 3,405
SL: below 3,363
Buy breakout (confirmation trade):
If price closes above 3,390 on M15/H1, look for long entries.
Target: 3,400 – 3,405
SL: below 3,375
Short-term Sell (counter-trade):
If price reaches 3,400 – 3,405 and shows rejection signals, short entries may be considered.
Target: 3,385
SL: above 3,410
Conclusion
Gold remains in a short-term bullish structure. Best setups today are buying dips near 3,368 – 3,370 or buying a confirmed breakout above 3,390. Watch carefully how price reacts around the 3,390 – 3,400 zone for the next directional move.
👉 Save these key levels for your trading plan and follow for more strategies in upcoming sessions.
