Gold (CFD) is showing clear signs of weakening momentum, with a series of lower highs and a failure to reclaim key resistance levels. The price is approaching critical support and is projected to drop further toward $2,487, aligning with strong bearish momentum. The rejection from the Ichimoku cloud and volume profile thinning below $2,600 reinforces the downside risk. If this trend continues, a sharp breakdown could follow. Stay cautious and manage your positions carefully! 📉🔥
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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.