Gold Under Pressure – Will the 3,385 Zone Hold?

7 天前

Hello everyone, let’s dive into gold price action together!

Following decisions from the Fed, BOE, and SNB to hold interest rates steady, gold continues to face downward pressure. High interest rates reflect a firm stance on inflation, pushing short-term capital away from non-yielding assets like gold.

On the chart, gold closed the session near $3,368, showing little change from previous candles. The precious metal is still being rejected at a key confluence resistance zone (EMA 34, EMA 89, and a prior consolidation area). As long as price fails to break above $3,385, the downside scenario remains favored.

If this resistance holds, my next move would be to sell, targeting a drop to $3,300—a zone where buyers previously stepped in.

What about you? Do you see gold heading lower too?

5 天前

交易進行