The Outlook of Gold (XAUUSD)
Gold (XAUUSD) is exhibiting a bearish sentiment today, with potential downside targets around $2,740–$2,735.
🔻 Key Levels:
Ideal Sell Zone: $2,772–$2,775 (Potential retracement for a short entry)
Support Levels: $2,740–$2,735 (Possible intraday low)
📉 Market Outlook:
Selling pressure remains dominant.
A rejection from the $2,772–$2,775 zone could trigger further downside.
Traders should watch for confirmation signals before entering short positions.
Risk management is key—stay updated with price action and fundamentals.
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.
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.