Gold Price Update – Bearish Trend Continues
Gold remains in a bearish trend with no significant changes in market direction at the moment. The price is currently reacting to developments in the Middle East, where geopolitical tensions have slightly eased, offering a short-term relief.
While this may trigger temporary gains, the overall outlook suggests a potential for a larger downside wave, especially as market fundamentals and recent data continue to support the bearish scenario we've been following.
Key Support Targets:
3260
3225
3200
Gold remains in a bearish trend with no significant changes in market direction at the moment. The price is currently reacting to developments in the Middle East, where geopolitical tensions have slightly eased, offering a short-term relief.
While this may trigger temporary gains, the overall outlook suggests a potential for a larger downside wave, especially as market fundamentals and recent data continue to support the bearish scenario we've been following.
Key Support Targets:
3260
3225
3200
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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.
Join My Telegram Channel
t.me/Gold_Live_Signals11
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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.