3 min readGold continues to be one of the strongest trending assets in the market, with a sustained move to the upside over the past weeks. After last week’s major breakout, we’re now seeing signs of consolidation, and the previously outlined range has been adjusted to reflect current price action.
range levelsare as follows:
- Range Lows: ~$3,190
- Range EQ (Equilibrium): ~$3,220
- Range Highs: ~$3,246
This forms a well-defined structure that could provide both clarity for intraday setups and context for swing traders monitoring broader trend continuation. A clean break above the range highs may signal a continuation of the bullish trend, potentially bringing fresh momentum to the upside.
On the flip side, a break below $3,190 could shift attention toward the previous breakout zone around $3,150, which may act as a reference point for higher timeframe support.
For intraday traders, this range offers clearly defined levels for mean-reversion setups or breakout anticipation. For those still riding the longer-term bullish thesis, the breakout level at $3,150 could serve as an important structural anchor if price revisits that area.
Gold remains one to watch as we progress through the week—especially if volatility expands.
Author
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