CFDs on Gold (US$ / OZ)
Updated

MONTH START WITH STRONG BUY MOVE ALERT !

318
Currently, price action on the 30-minute chart is showing signs of weakness as it hovers near a key support level at around 3328. The chart has been respecting an ascending trendline, but now we see price attempting to break below this trendline 📉.

🔸 Resistance Zone: 3338
🔸 Support Zone: 3328
🔸 Bearish Target Area: 3315–3300 region

🚨 If the price breaks below the support and the ascending trendline is invalidated, we may see further downside movement, with a potential target near the 3300 zone, which aligns with a previous demand area.

🛑 Watch for confirmation (bearish engulfing candle or retest rejection) before entering a short position.

💡 Bias: Bearish below 3328
📌 Next Key Support: 3290

Let me know your thoughts in the comments! 💬
📊 Trade safe and always manage your risk! 🛡️
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