Gold Spot / U.S. Dollar
Short
Updated

GOLD| CONSOLIDATION MOVEMENT

249
The price has been fluctuating around the 2,895 zone, following a previous decline from approximately 2,922. For today's session, we expect the price to test this critical level again. A confirmed break and stability below 2,895 could open the door for further downside movement, potentially targeting 2,844 as the next support.

Conversely, a shift toward bullish momentum may occur if the price manages to regain strength and surpass the 2,922 level, signaling a possible upward continuation.

Tendency Keys: 2922
Resistance Line: 2922, 2938, 2955.
Support Line: 2895, 2880, 2844

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The price increased and reached the resistance level as anticipated, then stabilized below it. As long as the price remains below this level, the bearish scenario will remain valid.

snapshot

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