#XAUUSD / #GOLD
Gold is retesting a major resistance zone within a clear downtrend — and the pressure is building.
After a sharp 3% drop, gold is stabilizing near $3,200, as markets brace for the upcoming US CPI data, which could spark a major move.
Optimism over US-China trade talks and dollar profit-taking is providing temporary support… but how long will it hold?
Key Resistance: 3269 - 3284
Support Levels: 3246 - 3200 - 3167
If inflation data brings no surprises, expect a potential false breakout near 3260–3270, followed by heavy selling back toward 3200 and possibly 3150.
Trend Bias: Bearish — and the perfect sell setup may be right around the corner.
Gold is retesting a major resistance zone within a clear downtrend — and the pressure is building.
After a sharp 3% drop, gold is stabilizing near $3,200, as markets brace for the upcoming US CPI data, which could spark a major move.
Optimism over US-China trade talks and dollar profit-taking is providing temporary support… but how long will it hold?
Key Resistance: 3269 - 3284
Support Levels: 3246 - 3200 - 3167
If inflation data brings no surprises, expect a potential false breakout near 3260–3270, followed by heavy selling back toward 3200 and possibly 3150.
Trend Bias: Bearish — and the perfect sell setup may be right around the corner.
Penafian
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.
Penafian
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.