XAUUSD Gold new Forecast what will next Gold move?
At the opening of the session, the U.S. dollar strengthened, putting downward pressure on Gold prices. The recent rise in the dollar is a key driver behind Gold’s consolidation phase. Despite this, investor interest in Gold remains solid due to its status as a safe-haven asset, especially amid ongoing geopolitical risks.
Currently, Gold is approaching a key support zone around 3275, entering what appears to be a correction phase within a broader upward trend. This area also coincides with a liquidity zone, making it a critical level to watch. A breakdown below this level could trigger further downside, though it may also attract buyers looking to re-enter at lower prices.
Investors should monitor this zone closely for signs of either a rebound or a confirmed breakdown, which could define the short-term direction for Gold.
if you want to more info then read discerption and use Trade to Long-term.
At the opening of the session, the U.S. dollar strengthened, putting downward pressure on Gold prices. The recent rise in the dollar is a key driver behind Gold’s consolidation phase. Despite this, investor interest in Gold remains solid due to its status as a safe-haven asset, especially amid ongoing geopolitical risks.
Currently, Gold is approaching a key support zone around 3275, entering what appears to be a correction phase within a broader upward trend. This area also coincides with a liquidity zone, making it a critical level to watch. A breakdown below this level could trigger further downside, though it may also attract buyers looking to re-enter at lower prices.
Investors should monitor this zone closely for signs of either a rebound or a confirmed breakdown, which could define the short-term direction for Gold.
if you want to more info then read discerption and use Trade to Long-term.
Trade closed: target reached
1st Target done
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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.