The price of gold remains defensive at important technical levels, facing pressure near the lower range in recent days.
Gold has been consistently trading around the significant resistance zone of $1900 USD but has been unable to break through.
The overall trend across all timeframes continues to be a downward correction, so selling strategies will still be prioritized.
However, it is advisable to only engage in short-term scalping as there is a high possibility that gold may experience an upward surge due to its prolonged accumulation below the $1900 USD level.
Gold has been consistently trading around the significant resistance zone of $1900 USD but has been unable to break through.
The overall trend across all timeframes continues to be a downward correction, so selling strategies will still be prioritized.
However, it is advisable to only engage in short-term scalping as there is a high possibility that gold may experience an upward surge due to its prolonged accumulation below the $1900 USD level.
