Gold buy now Trade active on Gold for buy side.
Its on oversold zone .
Then in lower time frame it crossed up side and we entered
XAUUSDG trade ideas
XAUUSD: Analysis June 16Gold has a lot of momentum to increase and could head towards testing the all-time high around 3500 as there are too many risks emerging, from geopolitical developments to interest rate outlook, and tariffs. Major conflicts in the Middle East, Russia - Ukraine, trade war between the US and the rest of the world, ... are all sudden risk support that makes gold likely to surge in the short term.
Gold, after increasing around 3450 this morning, is currently correcting down. But overall, the uptrend with gold is still solid after breaking the downtrend channel. However, we should avoid buying in strong corrections.
The support area around 3400 will be the ideal place for us to BUY today.
And the resistance area 3440 - 3445 will be where we SELL.
Gold (XAUUSD) Market Outlook - Long Term TrendGold (XAUUSD) Market Outlook: Bullish Trend, Critical Resistance, and Macro Drivers
Technical Analysis:
Looking at the daily timeframe, Gold has been absolutely on fire.
Overall Trend and Market Structure:
• Strong Uptrend: We've seen a remarkably robust and sustained uptrend for Gold since late 2024. It's a textbook example of a healthy rally, consistently printing higher highs and higher lows. This bullish momentum is clear as day, with the candles comfortably riding above that rising blue trendline channel.
• Trendline Support: That prominent blue diagonal band has been a fantastic dynamic support. Gold has bounced off this trendline multiple times (you can spot those green circles), which really solidifies its strength and confirms it as a key support level for this rally.
Key Resistance Level:
• All Time Resistance 3,500: Gold's currently bumping up against a major hurdle: its "All Time Resistance" zone right around 3,500, marked in red. This isn't just a number; it's a huge psychological and technical barrier. Price has poked at this level a few times lately, suggesting there's some serious selling pressure or profit-taking happening up there. A clean, decisive break and close above 3,500 would be a massive bullish signal, likely opening the door to new, uncharted price discovery.
Key Support Levels:
• Fibonacci Golden Level + Breakout Retest Level (3117 to 3167): Now, if we see a pullback, this grey rectangular zone looks like a crucial area of confluence for support.
o Fibonacci Golden Level: This zone perfectly aligns with the 0.618 and 0.71 Fibonacci retracement levels (pulled from that big swing up from the initial low). These are well-known as powerful support and resistance points.
o Breakout Retest: What makes it even stronger is the idea of a "breakout retest." It suggests a previous resistance level that Gold powered through is now expected to act as solid support if tested from above. It’s a classic chart pattern we always look for.
o This entire zone is definitely a critical area to watch if price starts correcting. A strong bounce from here would keep the bullish structure perfectly intact, but a break below it would signal a deeper correction.
• Point of Control (2900 to 3000): This broader grey zone, with the orange line highlighting the exact Point of Control (POC), tells us where the most trading volume occurred over this period (check out the Volume Profile on the left). It's a high-liquidity zone, meaning a lot of buyers and sellers found agreement there in the past. If Gold were to see a more significant correction, this area would likely offer very robust support, simply because so many market participants have a vested interest at these levels.
Volume Profile:
• Glancing at the volume profile on the left, it neatly shows us where the trading action has been heaviest. The big hump around 2900-3000, marked as the "Point of Control," really emphasizes just how important that support area is. What's interesting is the relatively lower volume as we've moved higher, suggesting less resistance on the way up. But if we fall back towards the POC, expect to see trading activity really pick up again.
Price Action & Candlestick Patterns:
• The candlestick patterns consistently show powerful bullish pushes followed by more measured pullbacks. Right now, near the All-Time Resistance, we're seeing some consolidation or perhaps a bit of indecision. The bulls are certainly trying to push through, but they're clearly meeting some stiff resistance.
• That "$" label near the trendline? That often points to areas where liquidity, like clusters of stop-losses or pending orders, might have been "swept" by larger players – a concept often discussed in Smart Money Concepts (SMC).
________________________________________
Fundamental Factors & Macro Impact:
This strong, persistent bullish trend in Gold isn't just random; it's being supercharged by a mix of powerful fundamental and macroeconomic forces:
1. Safe-Haven Demand:
o Geopolitical Tensions: Look around the world – ongoing conflicts like the Russia-Ukraine war and Middle East tensions, plus general geopolitical instability, are sending investors straight to safe havens like gold. It's seen as the ultimate store of value when the world feels unpredictable.
o Economic Uncertainty: There’s a lingering sense of unease about the global economy, whispers of potential recessions, and general market volatility. All of this naturally increases gold's appeal.
o Banking Sector Stability: Any fresh concerns about the health of the financial system or regional banking troubles can instantly boost gold's allure as a secure asset.
2. Inflation Hedge:
o While inflation has eased a bit from its peak, it's still proving quite stubborn in many major economies, higher than what central banks would prefer. Gold has a long history as a reliable hedge against inflation; it tends to hold its value or even increase when fiat currencies lose purchasing power.
3. Central Bank Buying Spree:
o This is a massive, often under-appreciated, driver. Central banks, especially those in emerging markets, have been aggressively buying gold. They're looking to diversify their foreign exchange reserves away from the US Dollar, reduce their reliance on Western financial systems, and simply add another layer of protection against global risks. This consistent, institutional demand provides a very strong underlying bid for gold.
4. Interest Rate Expectations & US Dollar Weakness:
o Federal Reserve Policy: Gold typically moves in the opposite direction of real (inflation-adjusted) interest rates and the strength of the US Dollar.
o Rate Cut Anticipation: Markets are increasingly pricing in interest rate cuts from the Federal Reserve and other major central banks. When interest rates are expected to fall, holding non-yielding gold becomes much more attractive compared to assets that pay less interest. The opportunity cost of gold goes down.
o Weaker US Dollar: A softer US Dollar makes gold cheaper for anyone holding other currencies, which naturally boosts demand. Persistent concerns about the US national debt and fiscal health can also put pressure on the dollar, thereby supporting gold.
5. Global De-dollarization Efforts:
o This also supports in terms of De-dollarization or reducing the country’s dependence on the US Dollar for international trade and as a reserve currency. Gold plays a significant role in this strategic shift, adding another layer to its demand.
________________________________________
Conclusion & Outlook:
Gold (XAUUSD) is absolutely in a powerful, well-established bullish trend, having racked up some impressive gains since late 2024. Right now, it's staring down its "All Time Resistance" at 3,500 – a truly critical moment.
• Bullish Scenario: If we see a decisive breakout and a sustained close above 3,500, it would confirm incredibly strong bullish momentum. This could easily lead to a swift move into new, uncharted territories. We'd expect this to be fueled by ongoing safe-haven demand, continued aggressive central bank buying, and/or growing conviction that significant rate cuts are on the horizon.
• Correction Scenario: On the flip side, a strong rejection from that 3,500 resistance could trigger a correction. We'd likely see it head back towards the trendline support, and possibly even that "Fibonacci Golden Level + Breakout Retest Level" zone (3117-3167). As long as these key support levels hold firm, the overall bullish structure stays perfectly intact. However, a clear break below that golden zone would signal a deeper pullback, with the "Point of Control" (2900-3000) waiting as the ultimate strong support.
From a fundamental perspective, the broader macroeconomic landscape – thinking about geopolitical tensions, persistent inflation concerns, the insatiable central bank demand, and the future path of monetary policy – continues to lean very much in gold's favor. Going forward, traders and investors will be keeping a very close eye on central bank statements, inflation reports, and any new geopolitical developments for the next big cues on Gold's direction.
Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
Seize the opportunity to short gold after the reboundBecause gold fell back to the expected support area of 3375-3365 first, I just took the opportunity to go long on gold near 3372 and set TP: 3390. Obviously, our long position ended the transaction by hitting TP, and we made a profit of 180pips.
At present, gold continues to rebound to around 3396, and is facing the short-term resistance area of 3395-3405, and the upside may be limited. And I think before the Fed's interest rate decision and Powell's monetary policy conference, gold is likely to maintain a range of fluctuations, and the willingness of both long and short parties to break through may not be strong in the short term. And from the current structure, gold tends to fluctuate downward as a whole.
So for short-term trading, we might as well try to short gold in the resistance area. I think it is still very likely to retreat to at least the 3385-3380 area.
Gold surging as geopolitical tensions rise in the Middle EastGold prices surged to nearly a two month high on Friday driven by escalating geopolitical tensions in the Middle East. Spot gold rose 1.3% to $3,427.36 per ounce. This marks a gain of over 3.5% for the week.
The rally was fueled by Israel's preemptive strike on Iran's military and nuclear facilities, intensifying regional instability. The conflict has shifted investor focus from trade negotiations to safer assets like gold.
Additionally, weaker U.S. economic data, including jobless claims at an eight month high and subdued inflation, have increased expectations of a Federal Reserve interest rate cut, further boosting gold's appeal.
Technically, gold has established a subsequent move towards challenging the all time peak, around $3,500 psychological mark. Top end of the falling flag channel at $3,300.00 provided a strong support and reversal as the price continues its short term bullish trending channel.
On the contrary, some follow-through selling below the $3,385 region, however, should pave the way for additional losses towards the $3,355 intermediate support.
"The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice."
XAUUSDXAUUSD on a daily its on a uptrend, we will have probably on lowertimeframe a pullback but in mid-term we going for 3500.
Buying gold within the specified range Buying gold within the specified range and taking profits within the specified range. Risk to reward ratio 1 to 2.
XAU/USD.1h chart pattern.
📈 Trade Setup (Long Position on Gold)
Entry: 3320
Target 1: 3370 (💰 +50 points)
Target 2: 3400 (💰 +80 points)
Stop-Loss (suggested): You haven’t specified, but a technical stop-loss around 3290–3300 could be prudent, depending on volatility and timeframe.
Risk-Reward Ratio:
Target 1: 1:2 (assuming 25-point SL)
Target 2: 1:3.2 (approx.)
🧠 Key Considerations
Technicals: Check if 3320 is near a support zone. A bounce from support strengthens the setup.
Fundamentals: Watch for:
Fed announcements
US Dollar Index (DXY)
Inflation data (CPI, PPI)
Geopolitical risks (which can spike gold)
Would you like:
A chart analysis?
An updated gold price?
Risk/reward calculation for your capital?
Let me know how I can assist further.
NO TRADE? THAT IS THE TRADEToday, I took no trades and I’ll be honest, it was really tempting to break that discipline.
I stared at the chart longer than I needed to. My cursor hovered around the Buy and Sell buttons. My brain tried to convince me that “maybe” this candle meant something. Even though there was no valid sweep, no BOS, and no clean entry into an FVG , the desire to just “be in a trade” was strong.
But I reminded myself:
📌 No Setup = No Trade
📌 Your edge is your lifeline
📌 Discipline is what pays you, not activity
What I felt today is something every trader battles, setup hoping . It’s that mental trap where silence feels wrong, and boredom feels dangerous. But the truth is, boredom is part of being a consistently profitable trader. There are days where your best trade is the one you don’t take.
And I’m proud to say I did nothing.
No revenge trade.
No gambling.
No deviation from plan.
Instead, I observed. I journaled my emotions. I stayed in control. That’s the work behind the scenes: the mental reps that build longevity in this business .
So if you had a quiet session today too, and you resisted the urge to jump in without reason, celebrate that. You're training your mind to trust your system, not your feelings.
Sometimes, the most powerful trade you’ll ever take… is the one you never place.
Gold Soars – Heading Towards 3,500 USD/ounce?Gold prices closed yesterday at 3,457.7 USD/ounce, up 0.12% from the previous day, fluctuating between 3,453.7 USD and 3,458.1 USD/ounce, marking the highest level in the past two months.
XAU/USD is currently maintaining an uptrend within a well-defined price channel, with strong support at the 3,390–3,400 range. After a short correction, the price could continue to rise if it holds above the EMA34, with the next target towards the 3,445–3,460 range and further up to 3,500 USD/ounce.
This upward momentum is supported by geopolitical tensions in the Middle East, particularly between Israel and Iran, driving demand for gold as a safe-haven asset. U.S. CPI data lower than expected has also increased expectations of a Fed rate cut, alongside central banks increasing gold reserves, all contributing to the continued rise in gold prices.
XAUUSD GOLD ANNALSIS OUTLOOK BULLISH PERFORMANCE 16/6/2025sell 3440 3445
take profit 3435
take profit 3425
take profit 3415
stop los 3455
700 pips running
TOP 10 Stats of the Current Gold Bull Market in 2025 and Outlook📊 Top 10 Stats of the Current Gold Bull Market (2025)
1. 🥇 Gold price per ounce: Around $3,338–$3,364, with a recent all-time high above $3,500 in April 2025
2. 📈 Year-to-date gain: About +29% in 2025 so far, after a +30% gain in 2024
3. 🏦 Central bank buying: More than 1,000 tonnes bought for the fourth straight year, reserves near record levels
4. 🔒 Inflation hedge: Strong inverse correlation with real yields; high demand driven by inflation and geopolitical worries
5. 📊 Gold vs S&P 500: Both reached new highs together; gold is up about 27% YTD while the S&P 500 is up only around 2%
6. 💍 Jewellery demand: Global gold jewelry demand is down about 9% in 2024, projected to drop another 16% in 2025 due to high prices
7. ⚖️ Gold-to-silver ratio: Now around 94, down from a peak of 105—showing silver is regaining ground
8. 🏅 Record closes: More than 40 record daily closes for gold in 2025, prices consolidating around $3,290–$3,400
9. 🏛️ Technical breakout: Broke out of a 13-year “cup-and-handle” technical pattern in March 2024
10. 🔮 2025 forecasts: Predictions range from $3,600–$4,000 by Q2 2026, with some expecting as high as $4,500 if risks rise
________________________________________
🔄 How This Gold Bull Market Compares to Past Bull Markets
1️⃣ 1968–1980 Super Bull
• 🕰️ Gold climbed from ~$35 to ~$850, a massive 2,330% gain over 12 years
• 🔥 Driven by double-digit inflation, end of the gold standard, and political turmoil
• ⚠️ Huge corrections, including a nearly 45% drop in 1974–76, but rapid rebounds
2️⃣ 1999–2008 Bull Market
• 💹 Gold surged from ~$252 to ~$1,023 (about +305%) in 9 years
• 🚀 Fueled by the commodities supercycle and concerns about global imbalances
• 📉 Big correction during the 2008 financial crisis, but gold rebounded fast
3️⃣ 2018–2025 (Current Cycle)
• ⏳ Gold broke out in 2024 from a 13-year sideways base
• 💥 Up nearly 200% from the 2018 lows to over $3,500
• 🏦 Central banks are the biggest buyers, unlike earlier cycles
• 🛡️ Corrections have been milder—2022 saw only a 20% drop
• 🏃♂️ Fast recovery: new highs reached within months, not years
________________________________________
📊 Quick Comparison Table
Metric 1968–80 Super Bull 1999–2008 Bull 2018–2025 Current
🚀 Total Gain ~2,330% ~305% ~200% so far
⏲️ Length 12 years 9 years 7 years so far
💔 Biggest Drawdown –45% (1974–76) –30% (2008) –20% (2022)
🏦 Central Bank Role Moderate Emerging Dominant
📉 Correction Speed Years to recover 4 years Months
🏛️ Technical Pattern Secular breakout Multiple peaks Broke 13-yr base
________________________________________
🧭 What Makes the Current Bull Market Unique
• 🏦 Central banks are setting the pace with record-breaking demand
• 🩹 Corrections are less severe and recoveries are quicker
• 📈 Gold is rallying alongside stocks, which is rare historically
• 🏛️ The breakout from a 13-year consolidation signals strong structural support
• 🔮 Major forecasts predict further highs through 2026, suggesting this may become one of the strongest cycles ever
Potential bearish drop off major support?The Gold (XAU/USD0 has broken out of the pivot which acts as an overlap support and could drop to the 1st support which has been identified as an overlap support.
Pivot: 3,374.04
1st Support: 3,341.44
1st Resistance: 3,398.38
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Gold prices will rise to $4,000 in 2025!Gold may face tailwinds due to the current negative geopolitical developments around the world. Gold has risen sharply this year, up more than 20% and has repeatedly hit historical highs. With the influence of wars and geopolitical factors around the world, gold may rise even higher in the current context. I personally think that gold will rise to a price of $4,000 this year!
At the same time, Bank of America is one of the institutions that is particularly bullish on the future of gold. In a report shared last week, the bank's experts said that gold may reach $4,000 per ounce in the next 12 months.
Bank of America pointed out that as interest rates fluctuate and the US dollar weakens, investors continue to flock to safe-haven assets, and the rebound may continue. The bank also said that despite the rise in gold prices, investors are still underinvested in gold.
"We estimate that investors have allocated 3.5% of their portfolios to gold... which is still below the historical high in 2011," Bank of America assessed, suggesting that more capital from individual investors may be invested while the rebound continues.
Likewise, while central banks have clearly increased their investments in gold in recent years, the bank's report noted that the proportion of gold they hold is close to 18%, below the all-time high during the Bretton Woods era in the 1970s.
Nevertheless, according to the European Central Bank (ECB), gold is currently the second-largest reserve asset held by central banks, second only to the U.S. dollar.
Another key driver may come from geopolitical developments, including the recent outbreak of the Israel-Iran conflict. After the first round of bombing, gold futures rose to $3,440, approaching its record price of $3,500. Oil price futures also rose due to the impact of the escalating conflict.
Previously, JPMorgan Chase had envisioned a path for gold to reach $6,000, which included shifting 0.5% of U.S. foreign exchange assets to gold.
So friends who regard gold as a long-term investment, the current volatility is nothing, it is a good time to start!
Gold Hits PRZ with RD-! Time for Bears to Take Over?Gold ( OANDA:XAUUSD ) attacked the Resistance zone ($3,445-$3,406) once again, forming an Ending Diagonal at the top of the structure.
Although price reached the Potential Reversal Zone (PRZ) , the presence of Regular Divergence (RD-) between the last two peaks could indicate the weakening of bullish momentum .
In terms of Elliott Wave theory , we can clearly count a completed 5-wave structure , with an Ending Diagonal pattern . This supports the idea of a major correction starting soon .
I expect Gold to attack the lower lines of Ending Diagonal , and if it breaks, it could drop to at least $3,333 . The Second Target could be the Support zone ($3,451-$3,120) .
Do you think Gold will make a new All-Time High(ATH) again in this rally?!
Note: Stop Loss (SL) = $3,463
Gold Analyze (XAUUSD), 2-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Gold (XAUUSD) Eyes 3,330 Zone as Safe-Haven Demand Builds!!Hey Traders, In today’s trading session, we’re keeping a close watch on XAUUSD for a potential buying opportunity around the 3,330 zone. Gold continues to trade within a strong uptrend, and is currently undergoing a healthy correction, bringing it near a key support/resistance level that could act as a springboard for the next leg higher.
From a fundamental perspective, rising geopolitical tensions in the Middle East have led to the evacuation of diplomatic personnel and increasing concerns of potential military escalation. As uncertainty grows, safe-haven assets like gold tend to attract stronger demand from investors seeking protection against volatility and risk.
If the situation deteriorates further, we could see a surge in gold prices as market participants hedge against geopolitical instability.
Trade safe,
Joe
Continue the uptrend, gold price returns to 3444⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) slipped for the second consecutive session on Tuesday, retreating from an early uptick during the Asian session that briefly pushed prices above the $3,400 mark. A slight rebound in the US Dollar (USD) continues to weigh on the precious metal, acting as a key drag. However, the downside appears limited amid escalating geopolitical tensions in the Middle East and growing market expectations that the Federal Reserve (Fed) will initiate further rate cuts in 2025.
Meanwhile, the ongoing aerial conflict between Israel and Iran has entered its fifth day, heightening fears of a wider regional escalation. This persistent geopolitical uncertainty is keeping demand for safe-haven assets like gold supported. Investors are also exercising caution ahead of the Federal Open Market Committee’s (FOMC) two-day policy meeting, the outcome of which may shape the next directional move for non-yielding bullion.
⭐️Personal comments NOVA:
Gold price takes liquidity from lower supports: completed 3385, 3373. short term downtrend break. Gold price will soon return above 3400.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3443- 3445 SL 3450
TP1: $3435
TP2: $3422
TP3: $3407
🔥BUY GOLD zone: $3352-$3350 SL $3345
TP1: $3368
TP2: $3376
TP3: $3390
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLD GOLD ,Reporting from newyork session, the on going geopolitical tension could touch the current all time soon 3500 and 3600 will be next.
XAUUSDXAUUSD its on a uptrend in daily timeframe looking for 3.500 at least
H1 gave me the confirmation that i needed, to go look for 3412.
Like i said on the previous video don't be looking for sells.
XUA/USD) Bullish trand support level Read The captionSMC trading point update
Technical analysis of (XAU/USD) on the 30-minute timeframe, incorporating a support zone and trendline confluence strategy. Here's a breakdown
---
Analysis Summary
Key Technical Elements:
1. Uptrend Channel:
Price is trading within a rising channel.
Higher highs and higher lows indicate bullish momentum.
2. Support Zones:
Key Support Level (near 3,400): A horizontal support zone has been marked where price previously bounced (confirmed by green arrows).
Trendline Support: This upward sloping trendline adds confluence to the horizontal support zone.
3. EMA 200 (3,377.96):
Acts as a dynamic support level.
Price is well above the EMA, supporting bullish sentiment.
4. Projected Price Move:
The chart anticipates a dip back to the support area (~3,400), followed by a bullish bounce.
Target is clearly defined at 3,504.01, with a measured move of about +103.36 points from the support.
5. RSI Indicator:
RSI is around 57, which is neutral to slightly bullish.
No overbought/oversold signal yet – supporting potential for more upside.
---
Bullish Bias Reasoning:
Confluence Zone: Horizontal + trendline + EMA 200.
Healthy Price Structure: Higher lows being maintained.
Momentum Indicator (RSI) supports continuation.
---
Risks / Considerations:
If price breaks below the confluence support (~3,400), bullish invalidation may occur.
Monitor for false breakouts or heavy selling pressure near resistance.
Mr SMC Trading point
---
Trading Plan
Buy Zone: Around 3,400 (support confluence).
SL: Below the trendline/EMA – e.g., 3,370 or lower.
TP: Around 3,504 (target zone marked).
Please support boost this analysis)
Gold Distribution I missed the perfect entry for this distribution model, but since the technical target hasn't been reached yet, I'll look for valid entries if they arise. The time displacement is good, it swept internal liquidity and left more to the downside. It looks more like a trend than a range deviation, so I'll be cautious with this trade if I take it.
GOLD Will Go Higher From Support! Buy!
Take a look at our analysis for GOLD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 3,395.19.
Taking into consideration the structure & trend analysis, I believe that the market will reach 3,467.28 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GOLD - Price may bounce up from wedge to $3500 points Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago, price entered to wedge, where it at once made an upward impulse from the support line.
Price broke $3155 with $3420 level and reached resistance line, but soon turned around and started to decline.
After this, Gold broke the $3420 level one more time and later tried to grow, but when it reached the resistance zone, it dropped.
Next, price bounced from support line of wedge and started to grow and in a short time rose to $3420 level.
Recently, it declined below, making a fake breakout of the resistance level, and now it continues to decline.
In my mind, Gold can decline a little more and then bounce up to $3500, breaking the resistance level.
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