Gold continues to face heavy pressure and has broken below key support levels, signaling a weak outlook for bulls.
If the price drops below the recent low, a sharp downward acceleration is likely, with the next target expected around 3180–3150.
⚠️ Traders holding long positions should manage risk carefully!
If your account equity is limited, set a safe stop-loss (SL) to avoid potential liquidation in case of further volatility.
📉 Trend Highlights:
Bearish momentum increasing
Support levels failing
Further downside remains open
📌 Suggested Strategy:
🔸 Focus on selling near resistance
🔸 Avoid catching falling knives — wait for confirmation before buying
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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.
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.