XAUUSD Outlook: Technical Correction Amid Weakening Safe-Haven Demand
Gold is currently displaying signs of strong support after a recent decline, potentially setting up for a temporary hold or rebound. However, the broader outlook suggests a bearish correction as geopolitical-driven gains are being erased.
Despite heightened geopolitical tensions, particularly the recent escalations involving Israel and Iran, gold has failed to maintain its safe-haven appeal. The metal has now reversed most of its gains accumulated during the peak of conflict-driven risk aversion.
Resistance zone 3380 / 3400
Support Levels 3350 / 3345
Looking the all requirements and fallow then trade wisely best of Luck Buddies .
If You like this idea if you have on Opinion about this analysis share in comments.
Gold is currently displaying signs of strong support after a recent decline, potentially setting up for a temporary hold or rebound. However, the broader outlook suggests a bearish correction as geopolitical-driven gains are being erased.
Despite heightened geopolitical tensions, particularly the recent escalations involving Israel and Iran, gold has failed to maintain its safe-haven appeal. The metal has now reversed most of its gains accumulated during the peak of conflict-driven risk aversion.
Resistance zone 3380 / 3400
Support Levels 3350 / 3345
Looking the all requirements and fallow then trade wisely best of Luck Buddies .
If You like this idea if you have on Opinion about this analysis share in comments.
Trade active
Price will get support and respect our Chart Now keep fallow to fly side
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✅My Free Signals
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✅Join my Telegram Channel
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✅Join my Telegram Channel
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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.