Gold is showing potential signs of a bullish reversal after a prolonged bearish trend. The price recently rejected strongly from a key resistance level, triggering a sharp internal liquidity sweep followed by a fast downside move. This indicates that smart money may have cleared out weak hands.
Resistance zone 3335 / 3360
Support zone 3300 / 3285
Currently, the market appears to be compressing, forming a potential bullish structure. If this consolidation holds and breaks to the upside, it may confirm the beginning of a bullish leg.
You may find more details in the chart Ps Support with like and comments for more analysis/
Resistance zone 3335 / 3360
Support zone 3300 / 3285
Currently, the market appears to be compressing, forming a potential bullish structure. If this consolidation holds and breaks to the upside, it may confirm the beginning of a bullish leg.
You may find more details in the chart Ps Support with like and comments for more analysis/
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Gold technical overview
Gold remains Bearish Trend under pressure Amid fed outlook and Geopolitical Shifts.
Gold continue to face bearish Pressure driven by the combination of federal Reserve commentary and easing Geopolitical tension.
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Join My telegram Channel
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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.