Gold Price Outlook:
Gold prices recently experienced strong upward momentum, but have since seen a downside correction without a clear catalyst. The initial decline at the start of the new trading session suggests some hesitation in the market.
Currently, price growth appears constrained by two key factors:
Resistance zone 3322 / 3370
Support Levels 3270 / 3260
Investors are displaying a cautious "risk-on" behaviour, limiting safe-haven demand for gold A stronger dollar is weighing on gold, making it more expensive for holders of other currencies.
I Ned to support from you Guys Lets like and comments for more analysis share with you.
Gold prices recently experienced strong upward momentum, but have since seen a downside correction without a clear catalyst. The initial decline at the start of the new trading session suggests some hesitation in the market.
Currently, price growth appears constrained by two key factors:
Resistance zone 3322 / 3370
Support Levels 3270 / 3260
Investors are displaying a cautious "risk-on" behaviour, limiting safe-haven demand for gold A stronger dollar is weighing on gold, making it more expensive for holders of other currencies.
I Ned to support from you Guys Lets like and comments for more analysis share with you.
Trade closed: target reached
1st Target Reached
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Related publications
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.