Gold (XAUUSD) is currently in a short-term downtrend and is likely to continue dropping towards $3200 and $3137 support levels, as long as price stays below the $3325-$3365 resistance zone. Traders may look for sell opportunities on lower timeframe pullbacks or rejections near broken support.
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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.