Gold Spot / U.S. Dollar
Short
Updated

Gold has shown signs of recovery Downtrend

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XAUUSD Gold Technical Outlook – June 30

Gold has shown signs of recovery at the start of the session, largely supported by a weaker U.S. dollar. However, the upside remains uncertain as long as the price stays below key resistance zones.

Gold is still in a downtrend Price action suggests a potential correction phase Key resistance area lies between 3294 – 3312 Failure to break this zone keeps the bearish pressure intact.

If the price fails to hold above 3272, further downside targets are

Key Levels:
Resistance: 3294 / 3305 / 3312
Support: 3272 / 3255 / 3245

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