XAUUSD GOLD UPDATE
Gold remains under pressure amid Fed outlook and geopolitical shifts
Gold continues to face bearish pressure, primarily driven by a combination of recent Federal Reserve commentary hinting at a reversal in rate policy and easing geopolitical tensions.
Yesterday, price action was aligned with our expectations, with gold perfectly hitting our downside targets. As long as the price remains below the key resistance at 3329, the bearish trend is likely to continue.
📉 Key Levels to Watch:
Break Below 3320: Will likely confirm further downside.
Bearish Targets: 3295 and potentially 3275.
if you like this idea if you understand our chart pattern do you have any Opinion about this forecast share comments Thanks for understanding.
Gold remains under pressure amid Fed outlook and geopolitical shifts
Gold continues to face bearish pressure, primarily driven by a combination of recent Federal Reserve commentary hinting at a reversal in rate policy and easing geopolitical tensions.
Yesterday, price action was aligned with our expectations, with gold perfectly hitting our downside targets. As long as the price remains below the key resistance at 3329, the bearish trend is likely to continue.
📉 Key Levels to Watch:
Break Below 3320: Will likely confirm further downside.
Bearish Targets: 3295 and potentially 3275.
if you like this idea if you understand our chart pattern do you have any Opinion about this forecast share comments Thanks for understanding.
Trade active
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Trade closed: target reached
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✅My Free Signals
t.me/ForexProfitPlanet1
✅Join my Telegram Channel
t.me/+Ej9-J05H-g1mOGY0
t.me/ForexProfitPlanet1
✅Join my Telegram Channel
t.me/+Ej9-J05H-g1mOGY0
Related publications
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.