Gold Still Dating the Range – Commitment Issues at 3377!

Alright legends, gather your trading charts and chai cups because the Wednesday daily candle on XAUUSD just closed a few moments ago, and honestly… there’s not much to gossip about. Gold’s still acting like your ex who texts “wyd?” at 2 AM – same pattern, same moves, zero commitment.

Let’s rewind the tape:

  • Monday: Gold strutted up to around 3340, dipped to 3292, and gave us a Netflix-and-chill type closing at 3325. This candle was basically a No Demand (ND) candle — the kind that shows up to the party but brings no snacks.
  • Tuesday: Gold flirted a little harder, touched 3350, dropped to 3301, and again ended the day around 3322. This confirmed Monday’s ND candle, like someone retweeting their own tweet for validation.
  • Wednesday: Our golden diva hit 3315 on the low end, shot up to 3362, and finally closed at 3355. The volume? Pretty much copy-paste from Tuesday, because why not be consistent in being confusing?

Now let’s talk technicals – or as I like to call it, drawing lines and pretending they make us psychic.

Trendline time!

Grab your virtual crayons and draw one upper and one lower trendline starting from Monday. Congrats, you’ve now captured Gold’s emotional range. It’s been bouncing around like a squirrel on espresso between these zones.

If the next candle doesn’t show up as a lazy “narrow spread” candle, then guess what? We’re likely to stay within this range, with expected highs around 3367–3377 and lows around 3331–3322.

But here’s the spicy bit:

That shady 3377 level? Still holding firm like a gym bro gatekeeping the squat rack.

No breakout yet. And until we see either a dramatic 3377 break or a 3322 breakdown tantrum, we’re still stuck in relationship limbo.

Let’s simplify this love-hate mess below:

Over the past four days, Gold has been throwing out:

  • LH (Lower High)
  • LL (Lower Low)
  • LH
  • LL
  • Suddenly a CHOCH (Change of Character) happened – it broke a previous LH and made a new high (but still not higher than 3377).
  • Then we got a Higher Low (HL), a Higher High (HH), another HL, and finally today’s close at 3355. Basically, Gold is slowly building a bullish Tinder profile but hasn’t matched with 3377 yet.

But hold your gold chains!

All those cute highs over the past 3 days? They’re still lower than previous week’s Friday’s high. So we may just be dealing with internal structure highs – the equivalent of emotional highs that mean nothing in the bigger picture.

Translation?

Either we break 3377 and go full Major CHOCH, or we get ghosted again and see another dramatic drop from this zone like an emotionally unavailable situationship.

Long-Term Outlook:

Despite all this rom-com chaos, Gold is still bullish long term. So if we do get a heavy drop, the 3205–3190 zone is prime real estate for serious long-term buyers. That’s the “let’s buy property together” level after all this dating drama.


TL;DR for the TikTok attention spans:

  • Gold is still moving in a range like it’s dancing in a drama serial.
  • Confirmed ND? ✅
  • Breakout? ❌
  • Still acting bullish in the short term, but don’t swipe right just yet.
  • Watch 3377 for bullish breakout, 3322 for bear-mode unlock.
  • Until then, this market’s just mood swings in candle form.

Comments

One response to “Gold Still Dating the Range – Commitment Issues at 3377!”

  1. […] remember how I literally warned you all last time that a bounce from 3367–3377 could cause a pullback to 3331–3322? Yeah… Gold flirted with 3377, made a sassy little rejection at 3378, dropped to 3338 by 7:00 […]

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