Gold remains Bearish Trend
Gold continues to extend its downtrend momentum, with all eyes on today's U.S. inflation data. While broader market reactions remain uncertain, gold appears particularly vulnerable to further downside pressure.
The temporary ceasefire between Israel and Iran, coupled with progress in U.S.-China trade talks, has significantly eased geopolitical tensions—diminishing the immediate appeal of safe-haven assets like gold.
Even if the price rebounds toward 3300 or even 3310 during a deeper pullback, the overall trend remains firmly bearish.
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Gold continues to extend its downtrend momentum, with all eyes on today's U.S. inflation data. While broader market reactions remain uncertain, gold appears particularly vulnerable to further downside pressure.
The temporary ceasefire between Israel and Iran, coupled with progress in U.S.-China trade talks, has significantly eased geopolitical tensions—diminishing the immediate appeal of safe-haven assets like gold.
Even if the price rebounds toward 3300 or even 3310 during a deeper pullback, the overall trend remains firmly bearish.
if you like this idea if you have on Opinion about this analysis share in comments Thanks for Supporting
Trade closed: target reached
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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.