Potential Pullback is Expected on Gold!

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Hello, traders.

Gold has reached a key dynamic resistance level, as highlighted in my previous analysis. This resistance has been in place since April 2024. A potential pullback from this area is anticipated, and with further confirmation, a decline toward 2,966 could follow. However, considering the underlying factors influencing Gold, if the 3,030–3,050 zone is decisively breached to the upside, the bullish momentum is likely to continue.

Kindly share your thoughts in the comment section. Thank you!

Penafian

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