I'm eyeing a sell opportunity in gold (XAUUSD), targeting the 2660 level for an ideal short entry. The price is expected to dip towards 2630, a significant support zone, where a potential reversal could occur. If the market finds strength there, we may see a bounce as buyers step in.
Geopolitical tensions continue to support gold's safe-haven appeal, but a stronger dollar or global risk-off sentiment may keep downward pressure in the short term. Monitoring price action closely around these levels for potential setups.
Geopolitical tensions continue to support gold's safe-haven appeal, but a stronger dollar or global risk-off sentiment may keep downward pressure in the short term. Monitoring price action closely around these levels for potential setups.
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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.