GOLD SELL AT 2940/2945
Gold Bearish Outlook – Target: $2895
Gold is moving within a parallel channel and facing strong resistance, indicating a potential drop. Key reasons:
📉 Technical Factors:
Rejection from channel resistance.
Bearish RSI & MACD signals.
Fibonacci resistance confirms downside pressure.
🌍 Fundamental Factors:
Stronger USD (DXY) & rising bond yields.
Fed’s hawkish stance on interest rates.
Institutional profit-taking adding selling pressure.
If gold stays below resistance, $2895 is likely. Trade wisely with risk management! 🔥📊
Gold Bearish Outlook – Target: $2895
Gold is moving within a parallel channel and facing strong resistance, indicating a potential drop. Key reasons:
📉 Technical Factors:
Rejection from channel resistance.
Bearish RSI & MACD signals.
Fibonacci resistance confirms downside pressure.
🌍 Fundamental Factors:
Stronger USD (DXY) & rising bond yields.
Fed’s hawkish stance on interest rates.
Institutional profit-taking adding selling pressure.
If gold stays below resistance, $2895 is likely. Trade wisely with risk management! 🔥📊
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.