• Bearish Reversal from Highs: Gold couldn’t break the upper resistance and started a downward correction.
• Possible Bullish Rebound: If support at ~$3,016 holds, there could be a rebound back toward ~$3,085 before any further move.
• Watch Zones:
• $3,016 as key support.
• $3,085 as near-term resistance.
• $3,135–$3,175 as strong longer-term resistance.
• Possible Bullish Rebound: If support at ~$3,016 holds, there could be a rebound back toward ~$3,085 before any further move.
• Watch Zones:
• $3,016 as key support.
• $3,085 as near-term resistance.
• $3,135–$3,175 as strong longer-term resistance.
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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.