Gold (XAUUSD) Technical Outlook

Gold is exhibiting bearish momentum after a recent bullish correction, signaling a potential continuation of the downtrend. Based on current market structure and price action, XAUUSD may test lower levels in the range of $2900–$2910 before any possible retracement.

🔹 Key Levels to Watch:
Best Selling Zone: $2842–$2837 – This area presents a strategic opportunity for sellers to enter short positions if bearish pressure sustains.
Support Target: $2900–$2910 – If selling pressure intensifies, gold may reach this zone before finding support.
🔍 Market Insight:
Traders should remain attentive to fundamental factors, including economic data, interest rate expectations, and geopolitical developments, as these can drive significant volatility in gold prices. Stay updated to make informed trading decisions. 📊✨

📢 Trade Wisely & Manage Risk! #XAUUSD