Forecast Based on This Analysis:
Short-term: The price is expected to consolidate near the support level (around $3,035) before making an upward move.
Mid-term: If support holds, gold may rally toward the resistance level at approximately $3,065.
Risk Factors: A breakdown below the support zone could invalidate the bullish outlook and lead to further downside movement.
Short-term: The price is expected to consolidate near the support level (around $3,035) before making an upward move.
Mid-term: If support holds, gold may rally toward the resistance level at approximately $3,065.
Risk Factors: A breakdown below the support zone could invalidate the bullish outlook and lead to further downside movement.
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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.