Gold has broken below its channel and is testing the 200 EMA near $2,991. Resistance at $3,075–$3,087 now caps upside. Breakdown below $2,972 exposes $2,926.
⚠️ Watch for sustained move below $2,972 to confirm bearish continuation. Recovery above $3,075 could flip bias near-term bullish.
⚠️ Watch for sustained move below $2,972 to confirm bearish continuation. Recovery above $3,075 could flip bias near-term bullish.
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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.