GC1! There was an overall bullish trend (still is), but it broke the point of support at 3000. Now there's resistance at 3000.
Most likely this is correlated to the recent recovery in the rest of the market, as we can see by the strong bullish sentiment on indicators such as the S&P 500, since this morning.
Most likely the prices of gold will become negatively impacted as a result of the small rally on common market.
Perhaps gold will achieve levels of 3020 by the end of next week. Other market analysts already predicted it will achieve all time highs at 3100, perhaps more, by the end of the second quarter of 2025.
XAUUSD XAUUSD successfully broke through 3000 points. I am just waiting for stabilization before executing a short gold price trade. If you are a short seller or don't know how to trade. Remember to leave me a message. Follow me. GOLDXAUUSDGO1!FGLD1!