Gold Faces Resistance as Downtrend Persists
Gold is trading at $2,627.92, down -0.31%, as bearish momentum dominates. The price faces strong resistance at $2,700 and $2,800, where sellers have repeatedly rejected upward moves, keeping gold under pressure.
On the downside, immediate support is at $2,587, with a break below this level likely pushing prices toward the $2,500 region. The broader bearish structure suggests a continuation lower, though a temporary rebound to $2,700 is possible before further declines.
Traders should focus on the resistance zones for potential sell opportunities and monitor the support levels closely for signs of a breakdown. Gold’s trend remains vulnerable unless a major shift in sentiment occurs.
On the downside, immediate support is at $2,587, with a break below this level likely pushing prices toward the $2,500 region. The broader bearish structure suggests a continuation lower, though a temporary rebound to $2,700 is possible before further declines.
Traders should focus on the resistance zones for potential sell opportunities and monitor the support levels closely for signs of a breakdown. Gold’s trend remains vulnerable unless a major shift in sentiment occurs.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.