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Gold Futures Breakdown: Bearish Momentum Confirmed

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Gold Futures on the 30-minute chart have confirmed a strong bearish trend after breaking below key support levels. The price failed to hold near the Zone Identifier levels (2,655.9) and experienced a sharp decline following two consecutive sell signals. The breakdown below the moving average further strengthens the bearish outlook. Traders could look for short opportunities on pullbacks, targeting the next support zone near 2,600 while managing risk with stops above 2,660. This setup highlights significant selling momentum and a potential continuation of the downtrend.

Penafian

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