Predicting short-term movements in the gold market (XAU/USD) can be quite challenging due to various influencing factors like economic data, geopolitical events, and market sentiment. However, based on recent trends and technical analysis, if the price breaks below the key support levels around $2500, it could indicate a bearish trend, leading to further selling pressure.
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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.