Gold is currently trading at a premium level after rejecting recent highs. The market is showing signs of weakness with a series of lower highs, suggesting a potential retracement. A key level to watch for a possible reaction or turnaround is around $3,225, which aligns with previous structural support and falls near the discount zone of the recent range. If price reaches this area, it could offer a favorable risk-reward opportunity for buyers depending on the reaction.
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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.