Gold prices inched higher on Wednesday after hitting a one-week low in the previous session, as uncertainties stemming from U.S. President Donald Trump’s tariff plans dampened risk appetite and boosted demand for safe-haven bullion.
Gold price reversed from the high and broke below 2935, currently testing the 2908 level. The price attempted to break 3908 but failed, indicating strong resistance at that level. We are now awaiting another attempt to breach this key resistance. A confirmed break below 2908 could lead to a sharp decline toward the next support zone, potentially extending down to 2809, which would also break the ascending channel.
On the bullish side, if the price reclaims 2935 and closes a 4-hour candle above it, this would reactivate the bullish trend, pushing the price toward the previous high and potentially establishing a new high.
Markets are all about perspective. If you see something different, let’s discuss in the comments!
Gold price reversed from the high and broke below 2935, currently testing the 2908 level. The price attempted to break 3908 but failed, indicating strong resistance at that level. We are now awaiting another attempt to breach this key resistance. A confirmed break below 2908 could lead to a sharp decline toward the next support zone, potentially extending down to 2809, which would also break the ascending channel.
On the bullish side, if the price reclaims 2935 and closes a 4-hour candle above it, this would reactivate the bullish trend, pushing the price toward the previous high and potentially establishing a new high.
Markets are all about perspective. If you see something different, let’s discuss in the comments!
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According to my analysis, the price has declined by 350 pips and is currently attempting to break below 2880 to reach 2860. A successful breakdown of this zone will confirm the continuation of the bearish trend.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.