Since Monday’s U.S. session, spot gold has tested the $3400 resistance twice without success, now entering sideways movement near the highs.
On the 1-hour chart, the Smart Money Indicator shows resistance from order blocks between $3393.5 and $3402.6, potentially limiting upside in the short term.
Unless gold reclaims above $3391.5, downside risk remains elevated.
A support zone between $3345–3350 has formed from prior orders — if price retests but doesn’t break below, it may act as a bullish entry signal. For reference only — not financial advice.
I remember people were saying the gona be shorting from 3400 and make shit ton of bucks?????? is someone doing that ????
My overall progress so far. Slow and steady. Only trade very small lots max 0.03. {image}
{quote} that's awesome!!
{quote} It's Forex Factory, people change their minds more often than they change their underwear. Green day=everyone turns bullish. Red day=everyone turns bearish. That's why you will see many people with buys at 3380 and above. Similarly, many people with sells below 3300. {image}
Trade Like a Casino, Not a Gambler
