Gold is currently retesting a former support level, which has now turned into a significant resistance zone.
I expect a continuation of the decline. It looks like the commodity market may face a broad-based pullback, partly due to the strengthening DXY.
I don’t see this correction as a trend reversal — rather, it’s a natural move after a strong rally.
So, if you're considering short positions, caution is advised.
I'm expecting the price to move toward the area of 3100-3125.
I expect a continuation of the decline. It looks like the commodity market may face a broad-based pullback, partly due to the strengthening DXY.
I don’t see this correction as a trend reversal — rather, it’s a natural move after a strong rally.
So, if you're considering short positions, caution is advised.
I'm expecting the price to move toward the area of 3100-3125.
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