GOLD Overview Update
Sentiment: Bearish
Drivers: Fed Outlook & Geopolitical Easing
Gold remains under pressure amid ongoing bearish sentiment, fueled by hawkish Federal Reserve commentary and a reduction in geopolitical tensions. As long as the price remains below the key resistance zone of 3300–3310, the downtrend is expected to continue.
Key Technical Levels:
Support Levels:
* 3265
* 3245
* 3220
Resistance Zone:
* 3300
* 3310
Outlook:
A sustained move below 3300 keeps sellers in control. If bearish momentum holds, price could retest support levels near 3265, then 3245, and potentially 3220. A break above 3310 would be needed to shift short-term sentiment.
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Sentiment: Bearish
Drivers: Fed Outlook & Geopolitical Easing
Gold remains under pressure amid ongoing bearish sentiment, fueled by hawkish Federal Reserve commentary and a reduction in geopolitical tensions. As long as the price remains below the key resistance zone of 3300–3310, the downtrend is expected to continue.
Key Technical Levels:
Support Levels:
* 3265
* 3245
* 3220
Resistance Zone:
* 3300
* 3310
Outlook:
A sustained move below 3300 keeps sellers in control. If bearish momentum holds, price could retest support levels near 3265, then 3245, and potentially 3220. A break above 3310 would be needed to shift short-term sentiment.
If you like this idea if you have on Opinion about this analysis share in comments.
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Nice Trade running price will hit 3274 waiting for more fall
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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.