Gold faced massive selling pressure after reaching the 3400 benchmark. Rather than continuing with the bullish movement, price action failed to sustain its upward direction and finished with some bearish pressure on Friday. For this week, price action may pullback upward and try to touch some resistance at 3338, and the established highs at 3377 and 3400 zones. If the pullback fails to materialise, simultaneously price action being under the above zones, a downward continuation is expected.
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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.