BigPapaaX

BigPapaaX

Gold (XAU/USD – Daily, Heikin Ashi) chart: 🔎 Key Observations Price Zone: Gold is trading between 3,378 (support) and 3,409 (resistance). Strong Bullish OBs are stacked below (3,334 – 3,311). Order Flow: Multiple bearish OB rejections at 3,409 → sellers are defending that level. However, price is not breaking down — showing accumulation. RSI (around 61): Still...

BigPapaaX

While the long-term trend remains bullish, the current consolidation phase suggests that gold prices may experience short-term volatility. Investors should monitor key levels around $3,200 for support and $3,250–$3,300 for resistance. A breakout above these levels could confirm the continuation of the uptrend.

BigPapaaX Updated 

XAU/USD fell during the Asian and early European trading sessions. Today, investors await U.S. Purchasing Managers’ Index data due at 1:45 p.m. UTC to get fresh clues on the economic situation. Spot gold may retest support at $3,286. A break below could open the way towards $3,000.

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This is my personal opinion. I think gold will move like this.