Gold Week 32 Possible reversal

Gold prices are in a clear downtrend, with critical support at $3,287.628 and resistance at $3,379.874. The 'W32 POI 2H' on Aug 1 highlighted a volatile 2-hour period with a sharp drop and recovery, signaling potential support strength. Fibonacci retracement levels could play a key role in identifying retracement targets. Stay disciplined with risk management as you navigate these levels.