Gold is currently consolidating after a temporary bullish move and is testing a key support zone near $3,370.
🔻 Bearish Scenario:
If the price breaks below $3,370 and holds, this could lead to further downside towards $3,358, followed by a potential retest of the major support area at $3,310.
🔺 Bullish Scenario:
If the price bounces and breaks above the $3,385 resistance with strong momentum, we may see a continuation toward $3,397, and possibly $3,410.
⚠️ Disclaimer:
This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
🔻 Bearish Scenario:
If the price breaks below $3,370 and holds, this could lead to further downside towards $3,358, followed by a potential retest of the major support area at $3,310.
🔺 Bullish Scenario:
If the price bounces and breaks above the $3,385 resistance with strong momentum, we may see a continuation toward $3,397, and possibly $3,410.
⚠️ 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.