Gold prices declined yesterday and today, driven by selling pressure that broke the $3,420 level and held below it. Currently, the price is testing the $3,365 zone.
1️⃣ If the $3,360 support is broken and price holds below it, we may see a further decline toward $3,340, which could act as strong support and potentially trigger a bullish rebound.
2️⃣ On the other hand, if buying momentum emerges and price breaks above $3,380 and holds, this could lead to a move toward retesting $3,400 and eventually $3,420.
⚠️ Disclaimer:
This analysis is not financial advice. Please monitor market movements carefully and make trading decisions based on your own analysis.
1️⃣ If the $3,360 support is broken and price holds below it, we may see a further decline toward $3,340, which could act as strong support and potentially trigger a bullish rebound.
2️⃣ On the other hand, if buying momentum emerges and price breaks above $3,380 and holds, this could lead to a move toward retesting $3,400 and eventually $3,420.
⚠️ Disclaimer:
This analysis is not financial advice. Please monitor market movements carefully and make trading decisions based on your own analysis.
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.