📉Gold Market Outlook – Bearish Setup in Play
Current Price: 3324.00
Recent price structure and momentum suggest a potential bearish continuation below key resistance levels.
🔍 Technical View:
Price is consistently trading below the 50-period moving average, signaling short-term weakness.
A series of lower highs and lower lows indicate a bearish market structure.
RSI is trending below 50, reflecting fading bullish momentum.
Failure to reclaim the 3355–3345 resistance zone reinforces downside risk.
🔻 Key Levels to Watch:
Resistance Zone: 3355.00 – 3345.00
Sustained trading below this range may open the door to:
3300.00
3284.00
📉 Major Breakdown Scenario:
A 3-day consecutive close below 3384.00 could confirm a structural shift, exposing gold to a deeper sell-off toward 3200.00.
⚠️ Risk Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk and may not be suitable for all investors. Always conduct your own research and use proper risk management.
Current Price: 3324.00
Recent price structure and momentum suggest a potential bearish continuation below key resistance levels.
🔍 Technical View:
Price is consistently trading below the 50-period moving average, signaling short-term weakness.
A series of lower highs and lower lows indicate a bearish market structure.
RSI is trending below 50, reflecting fading bullish momentum.
Failure to reclaim the 3355–3345 resistance zone reinforces downside risk.
🔻 Key Levels to Watch:
Resistance Zone: 3355.00 – 3345.00
Sustained trading below this range may open the door to:
3300.00
3284.00
📉 Major Breakdown Scenario:
A 3-day consecutive close below 3384.00 could confirm a structural shift, exposing gold to a deeper sell-off toward 3200.00.
⚠️ Risk Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk and may not be suitable for all investors. Always conduct your own research and use proper risk management.
Trade closed: target reached
3300 Target Reached 
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.
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.