Gold was moving in an upward channel but recently broke the trend line, indicating a potential bearish move. The price tested resistance multiple times but failed to break above. Now, it is moving downward toward the support zone (around 2,980).
If the support holds, we might see a bounce.
If the price breaks below, further downside movement is expected.
Key Levels:
✅ Resistance: 3,040 - 3,060
✅ Support: 2,980
What are your thoughts? Let me know in the comments.
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If the support holds, we might see a bounce.
If the price breaks below, further downside movement is expected.
Key Levels:
✅ Resistance: 3,040 - 3,060
✅ Support: 2,980
What are your thoughts? Let me know in the comments.
Suport me with follow and likes.
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