Gold remains in a downward trend and is currently moving sideways in a consolidation phase in the short term. The bearish outlook still dominates, with a potential move toward levels like $3,245.
1️⃣ A break and close below $3,276 may trigger a drop toward the strong support zone at $3,245.
2️⃣ However, if bullish momentum pushes the price above $3,310, this opens the path toward $3,330, a key level where a bearish rejection might occur.
📈 If the price holds above $3,330, a continuation toward $3,350 becomes likely.
⚠️ Disclaimer:
This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
1️⃣ A break and close below $3,276 may trigger a drop toward the strong support zone at $3,245.
2️⃣ However, if bullish momentum pushes the price above $3,310, this opens the path toward $3,330, a key level where a bearish rejection might occur.
📈 If the price holds above $3,330, a continuation toward $3,350 becomes likely.
⚠️ Disclaimer:
This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
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.
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.