Gold prices are in a clear downtrend, with critical support at $3,287.628 and resistance at $3,379.874. The 'W32 POI 2H' on Aug 1 highlighted a volatile 2-hour period with a sharp drop and recovery, signaling potential support strength. Fibonacci retracement levels could play a key role in identifying retracement targets. Stay disciplined with risk management as you navigate these levels.
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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.