M_15 current scenario
Resistance is observed near $2,770, while immediate support lies around $2,705. Gold is currently trading below a critical support level, indicating potential bearish momentum.
Oscillators and moving averages on short-term charts (e.g., 1-hour and 4-hour) suggest mixed signals, with a slight tilt toward selling pressure
If gold breaks below $2,705, it could test the $2,675 level by the day's end.
A bounce above $2,705 may target resistance around $2,745–$2,770, depending on market momentum and U.S. dollar movements
Factors such as U.S. economic data releases and geopolitical developments might influence volatility during the day.
Disclaimer: I am not a financial advisor, and the information provided should not be taken as financial advice. Let me know if you'd like insights on specific trading strategies!
Oscillators and moving averages on short-term charts (e.g., 1-hour and 4-hour) suggest mixed signals, with a slight tilt toward selling pressure
If gold breaks below $2,705, it could test the $2,675 level by the day's end.
A bounce above $2,705 may target resistance around $2,745–$2,770, depending on market momentum and U.S. dollar movements
Factors such as U.S. economic data releases and geopolitical developments might influence volatility during the day.
Disclaimer: I am not a financial advisor, and the information provided should not be taken as financial advice. Let me know if you'd like insights on specific trading strategies!
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