Gold prices initially rejected from recent highs and found strong support, indicating limited downside. Despite the recovery, gold remains under pressure due to rising U.S. bond yields and a stronger U.S. dollar. The higher-than-expected inflation data from the U.S. has reduced the likelihood of an early Fed rate cut, which is weighing on the metal.
Technical Analysis:
If the 1H candle closes above 3350, the price is likely to push back into the bullish zone.
Potential upside targets: 3378 and 3400
You any see more details in the chart.
PS: Support with like and comments for more better insights Thanks for Supporting.
Technical Analysis:
If the 1H candle closes above 3350, the price is likely to push back into the bullish zone.
Potential upside targets: 3378 and 3400
You any see more details in the chart.
PS: Support with like and comments for more better insights Thanks for Supporting.
Trade active
Take Entry now in Buy side price will respect get there Support Buyers have a good Chance to Take entry Price again Push Back and Growth to Top
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Join My telegram Channel
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Free Forex Signals
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Related publications
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.