XAU/USD (Gold) Market Update
The gold price is currently trading near key rejection zones. We anticipate a potential rejection from the marked yellow resistance zone, which may trigger a move to the downside.
Trade Implication:
A rejection from the yellow resistance zone may provide a trading opportunity for those looking to enter a short position.
Market Alert:
All traders are advised to monitor the gold price closely, as a potential downside move may be imminent.
The gold price is currently trading near key rejection zones. We anticipate a potential rejection from the marked yellow resistance zone, which may trigger a move to the downside.
Trade Implication:
A rejection from the yellow resistance zone may provide a trading opportunity for those looking to enter a short position.
Market Alert:
All traders are advised to monitor the gold price closely, as a potential downside move may be imminent.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.