Gold Technical Analysis: Should We Prepare for a Deeper Decline?

vor 7 Stunden

In the previous analysis, we examined the supply zone around $2,730 and gold's pullback from this level. Given the strong bearish daily candle and the initial break of the trendline, a further decline in gold seems plausible. However, breaking the marked support zone on the chart will be the turning point for this scenario, providing stronger confirmation of a deeper drop in gold prices.