Bear on gold
Based on our analysis, there is a high probability that gold may enter a bearish trend in the near future. Several factors contribute to this outlook, including technical indicators, market sentiment, and macroeconomic conditions. Price action suggests that sellers are gaining control, with key support levels being tested and potential breakdowns signaling further downside movement. Additionally, broader economic factors such as interest rate policies, inflation expectations, and the strength of the U.S. dollar could exert additional pressure on gold prices. While the market remains dynamic, our current assessment leans toward a continuation of bearish momentum unless significant changes in fundamentals or technical patterns indicate otherwise.
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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.