Gold Price will Expected Bearish trend
XAU/USD (Gold) with a focus on upcoming data releases, particularly the Consumer Price Index (CPI), which is a significant event that can have a notable impact on the market.
Based on the price levels you've mentioned, here's a breakdown:
1. Resistance Zone (2895/2900): This is a critical resistance area for Gold. If the price breaks through this level, it may signal further bullish momentum. Watch for potential volatility if the CPI release pushes the price above this resistance zone.
First Support (2870): If Gold starts to move lower, 2870 would be an important level of support. A breakdown below this support could lead to further downside pressure Second Support (2850): If Gold continues
Plz support with like and comments for more insights thanks trades
Based on the price levels you've mentioned, here's a breakdown:
1. Resistance Zone (2895/2900): This is a critical resistance area for Gold. If the price breaks through this level, it may signal further bullish momentum. Watch for potential volatility if the CPI release pushes the price above this resistance zone.
First Support (2870): If Gold starts to move lower, 2870 would be an important level of support. A breakdown below this support could lead to further downside pressure Second Support (2850): If Gold continues
Plz support with like and comments for more insights thanks trades
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Join My Telegram Channel
t.me/MRCHERRYFREESIGNALS
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Exness Best Broker 👌
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t.me/MRCHERRYFREESIGNALS
Free Forex Signals
t.me/Jamessignals11
Exness Best Broker 👌
one.exnesstrack.net/a/iuw68tachn
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.