XAUUSD GOLD UPDATE – Market Consolidating Below Key Level
Gold prices are currently consolidating just below the critical range. This behavior suggests a potential downside move toward the 3300 / 3295 support levels if the price fails to hold above nearby resistance.
🔹 Technical Outlook:
If the market manages to consolidate above 3340, we can anticipate bullish momentum to potentially targeting 3365 and 3400
However, a weak reaction around 3295 could lead to another retest of the 3275 zone, but likely within a selling pressure environment.
You may see more details in the chart Ps Support with like and comments for better analysis.
Gold prices are currently consolidating just below the critical range. This behavior suggests a potential downside move toward the 3300 / 3295 support levels if the price fails to hold above nearby resistance.
🔹 Technical Outlook:
If the market manages to consolidate above 3340, we can anticipate bullish momentum to potentially targeting 3365 and 3400
However, a weak reaction around 3295 could lead to another retest of the 3275 zone, but likely within a selling pressure environment.
You may see more details in the chart Ps Support with like and comments for better analysis.
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Join My telegram Channel
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Free Forex Signals
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Free Forex Signals
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.