3 min readWe haven’t seen any major developments on the higher timeframes for gold, so today’s focus is on the 1-hour chart, where we’re observing a developing range-bound structure.
- Range lows are currently sitting around $3,212
- Range highs are near $3,246
This short-term range may serve as a useful reference for traders monitoring potential decision zones and risk management levels. If price breaks below the current range lows, we may see a move toward the high timeframe support and breakout zone near $3,140. On the flip side, a break above the range highs could signal momentum continuation in line with the broader uptrend.
These are the levels we’ll be watching throughout the day—and possibly the week—if gold continues to trade within this range.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
