Gold Prices Showing Early Signs of Potentially Bearish Reversal

Gold Prices Showing Early Signs of Potentially Bearish Reversal Top

Gold prices are facing a potential reversal as Treasury yields rise and the U.S. Dollar strengthens. Despite this, gold retains its appeal as an inflation hedge and safe haven amid geopolitical tensions. The market shows a struggle between bullish and bearish forces, with technical analysis suggesting a possible downturn. Investors should closely monitor economic data, Fed policy signals, and global tensions for insights into gold's near-term direction. If a bearish reversal is confirmed, the next target range is between $2217.29 to $2200.51, while a surge above $2306.435 would indicate a continuation of the uptrend.