The precious metal is exhibiting signs of structural resistance at the psychologically significant $2,800 level. This price action aligns with technical indicators suggesting a potential reversal pattern formation. The recent price rejection at this level validates its significance as a major resistance zone.
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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.