Gold is approaching a major resistance zone that previously halted its upward momentum. Bullish momentum is fading, while the RSI shows signs of mild divergence. Market expectations around Federal Reserve policy, along with key data like CPI, unemployment rates, and geopolitical developments, are putting pressure on the precious metals market.
Without a strong catalyst from upcoming news, gold may enter a short-term pullback phase before establishing its next major trend.
Without a strong catalyst from upcoming news, gold may enter a short-term pullback phase before establishing its next major trend.
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
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📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.