Gold Chart Analysis (30-Minute Timeframe) :
Key Resistance Zones
There are strong resistance levels marked in yellow zones around the 2,955 - 2,962 range.
Price attempted multiple times to break above but got rejected, signaling strong selling pressure at these levels.
Key Support Zones
A significant support zone is seen around 2,915 - 2,920, aligned with the ascending trendline.
Price recently tested this support after a sharp drop and showed some reaction, indicating possible buyers stepping in.
Trendline Support
The yellow trendline is acting as dynamic support, helping price to recover from the drop.
If the price holds above the trendline, we may see a bounce towards 2,930 - 2,940 again.
Key Resistance Zones
There are strong resistance levels marked in yellow zones around the 2,955 - 2,962 range.
Price attempted multiple times to break above but got rejected, signaling strong selling pressure at these levels.
Key Support Zones
A significant support zone is seen around 2,915 - 2,920, aligned with the ascending trendline.
Price recently tested this support after a sharp drop and showed some reaction, indicating possible buyers stepping in.
Trendline Support
The yellow trendline is acting as dynamic support, helping price to recover from the drop.
If the price holds above the trendline, we may see a bounce towards 2,930 - 2,940 again.