XAUUSD GOLD Market Today Accept Bearish Trend
Your analysis suggests a bearish trend for XAU/USD (Gold) if the price remains at or below 2652. In such a scenario, potential downside targets could be 2640.00 and 2630.00. This indicates a continuation of the downward momentum if the support level of 2652 fails to hold.
For a more comprehensive strategy, consider monitoring factors such as economic data releases, USD strength, and geopolitical developments, as they can significantly impact gold prices. Additionally, look for confirmation signals like candlestick patterns, trendline breaks, or moving average crossovers to strengthen your analysis.
You may find details more in the chart.
if you find this analysis useful for your Trading Day
For a more comprehensive strategy, consider monitoring factors such as economic data releases, USD strength, and geopolitical developments, as they can significantly impact gold prices. Additionally, look for confirmation signals like candlestick patterns, trendline breaks, or moving average crossovers to strengthen your analysis.
You may find details more in the chart.
if you find this analysis useful for your Trading Day
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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.