It might fall to $2,500 or even $2,400 before finding support and bouncing back.
The Upside: If gold pushes past $2,721 and holds strong, it could mean big gains ahead. Keep an eye out for a run toward $3,000, but watch for pullbacks near that level.
The Downside: A drop below $2,600 could mean trouble in the short term, with possible dips to $2,500 and $2,400. These levels might give gold a chance to settle before making its next move higher.
Wellness Tip: Trading can be stressful, so don’t forget to take a break! A quick 5-minute breathing exercise can work wonders—breathe in for 4 seconds, hold for 4 seconds, and exhale for 4 seconds. This helps clear your mind and keep you focused.
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