The recent price action suggests a potential turning point in gold’s trend. While the market has maintained an ascending trajectory, the latest pullback introduces a level of caution. The structure remains intact within the trend channel, but the rejection near resistance indicates that bullish momentum may be cooling off.
Key price zones such as 3800.796, 3549.659, and 3238.064 will be decisive in determining the next movement. If buyers defend these levels, a rebound towards higher resistance is likely. However, a break below support could accelerate a deeper correction.
Market sentiment currently leans towards buy-side accumulation, as marked across the chart, yet a confirmation signal from price behavior is required before engaging further in longs. Managing risk effectively in these conditions will be crucial to navigate the upcoming price movements.
Key price zones such as 3800.796, 3549.659, and 3238.064 will be decisive in determining the next movement. If buyers defend these levels, a rebound towards higher resistance is likely. However, a break below support could accelerate a deeper correction.
Market sentiment currently leans towards buy-side accumulation, as marked across the chart, yet a confirmation signal from price behavior is required before engaging further in longs. Managing risk effectively in these conditions will be crucial to navigate the upcoming price movements.
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.