Gold (XAU/USD) is showing strong rejection near the $3,382 resistance zone after a failed breakout attempt. The price is now trading below key supply, indicating increasing selling pressure.
If bearish momentum continues, the next significant downside targets are:
$3,209
$3,108
$2,969 (major support zone)
Traders should watch for confirmation below the current range to validate a deeper pullback. Risk management remains essential as volatility increases.
If bearish momentum continues, the next significant downside targets are:
$3,209
$3,108
$2,969 (major support zone)
Traders should watch for confirmation below the current range to validate a deeper pullback. Risk management remains essential as volatility increases.
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.
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.