Gold is currently retesting a former support level, which has now turned into a significant resistance zone.
I expect a continuation of the decline. It looks like the commodity market may face a broad-based pullback, partly due to the strengthening DXY.
I don’t see this correction as a trend reversal — rather, it’s a natural move after a strong rally.
So, if you're considering short positions, caution is advised.
I'm expecting the price to move toward the area of 3100-3125.
I expect a continuation of the decline. It looks like the commodity market may face a broad-based pullback, partly due to the strengthening DXY.
I don’t see this correction as a trend reversal — rather, it’s a natural move after a strong rally.
So, if you're considering short positions, caution is advised.
I'm expecting the price to move toward the area of 3100-3125.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.