GOLD SELL NOWGOLD SELL AT 2940/2945
Gold Bearish Outlook – Target: $2895
Gold is moving within a parallel channel and facing strong resistance, indicating a potential drop. Key reasons:
📉 Technical Factors:
Rejection from channel resistance.
Bearish RSI & MACD signals.
Fibonacci resistance confirms downside pressure.
🌍 Fundamental Factors:
Stronger USD (DXY) & rising bond yields.
Fed’s hawkish stance on interest rates.
Institutional profit-taking adding selling pressure.
If gold stays below resistance, $2895 is likely. Trade wisely with risk management! 🔥📊