Gold’s Make-or-Break Level: $3167 Is the Key to the Next Move

14 May

Gold Spot is sitting at a critical inflection point — and if you’ve been watching the charts, you know exactly where the pressure is building: the $3167 zone.

This level has acted as a mid-term support floor, cushioning gold’s recent corrections and providing bulls with a lifeline. But that cushion is now getting thinner, and if price action breaks below this area decisively, the implications could be sharply bearish.

👀Why $3167 Matters👀

Take a look at the recent structure. Every bounce, every bullish attempt in the past week, has leaned on $3167. It's not just some random line — it’s where buyers have consistently stepped in to defend.
But now? The bounces are getting weaker. Volume’s fading. And price is consolidating right above support — never a good sign.
If gold breaks $3167 and closes below it, expect an acceleration to the downside. Momentum traders will likely pile in, and we could see a quick slide into the $3075–3052 zone, where the next real demand sits.


✨What I’m Watching✨

• A clean hourly candle close below $3167 — ideally with follow-through volume.
  
• Any retest of $3167 after a breakdown could offer a textbook entry for shorts.
  

🎁The Bearish Scenario
If the break happens, I’ll be targeting $3052 for the first bounce. That’s where previous accumulation kicked in — and it lines up with a cluster of reaction lows from late April. It’s also a psychological round number and a potential spot for intraday reversal plays.

17 May

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