O Description
Go through the analysis carefully and do trade accordingly
anup BIAS for the day (12-03-2025)
Resistance Levels:
2,928 - 2,932 USD (Major resistance).
2,918 - 2,920 USD (Local resistance).
Support Levels:
2,912 USD (First support zone).
2,896 - 2,892 USD (Key support).
2,882 USD (Major support, potential target).
Trend & Structure:
Gold has been in a short-term uptrend, reaching a resistance zone.
The blue projected path suggests a possible reversal from resistance.
A break below 2,918 USD could confirm a bearish move toward 2,882 USD.
Trade Outlook:
Bearish Scenario:
If rejection happens near 2,928 USD, price could drop to 2,882 USD.
A break below 2,912 USD confirms further downside.
Bullish Invalidation:
A breakout above 2,932 USD would shift bias to bullish.
Conclusion:
Gold is testing key resistance; rejection could lead to a pullback. Watch for confirmation signals before entering trades! 📉🔥