Gold followed our previous analysis closely, rejecting from the strong resistance level at $3430, confirming bearish momentum. This rejection has opened the door for a potential move toward the 3400 level, and further downside is likely.
Gold remains in a bearish trend. A temporary pause or minor consolidation may occur, but the overall direction remains to the downside. This week, markets are watching the outcome of the ES–US agreement closely. If a resolution is reached, it could strengthen the USD and increase risk appetite—potentially pushing gold even lower.
We expect gold to remain under pressure unless major market sentiment shifts. A break below 3400 could accelerate the drop toward 3322.
You May find more details in the chart.
Ps Support with like and comments for better analysis Thanks.
Gold remains in a bearish trend. A temporary pause or minor consolidation may occur, but the overall direction remains to the downside. This week, markets are watching the outcome of the ES–US agreement closely. If a resolution is reached, it could strengthen the USD and increase risk appetite—potentially pushing gold even lower.
We expect gold to remain under pressure unless major market sentiment shifts. A break below 3400 could accelerate the drop toward 3322.
You May find more details in the chart.
Ps Support with like and comments for better analysis Thanks.
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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.