Gold was moving in an upward channel but recently broke the trend line, indicating a potential bearish move. The price tested resistance multiple times but failed to break above. Now, it is moving downward toward the support zone (around 2,980).
If the support holds, we might see a bounce.
If the price breaks below, further downside movement is expected.
Key Levels:
✅ Resistance: 3,040 - 3,060
✅ Support: 2,980
What are your thoughts? Let me know in the comments.
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If the support holds, we might see a bounce.
If the price breaks below, further downside movement is expected.
Key Levels:
✅ Resistance: 3,040 - 3,060
✅ Support: 2,980
What are your thoughts? Let me know in the comments.
Suport me with follow and likes.
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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.
Are you ready to take your trading skills to the next level? our channel provide free signals for trade, experts insights and daily updates to help you stay ahead of the market.
t.me/+dSaypw2DprY3ZTdk
t.me/+dSaypw2DprY3ZTdk
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.