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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
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Let’s give Kevin_Lee a warm welcome! 👏👏👏
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SELL TREND in GOLD market, Breakdown the support level, SELL NOW
📉 XAUUSD (Gold) Market Price Forecast 📉
XAUUSD
Gold has already broken the trendline and completed its retracement, positioning itself in the selling zone. The current price action is retracing to test the resistance level, and a potential drop towards key target zones is expected.
After a breakdown of the strong support level, we anticipate a continuation of the bearish trend. Stay alert for the following technical target levels:
2613, 2592, 2576, 2562, and 2542.
📌 Key Notes:
- Trendline breakdown confirmed.
- Resistance retest in progress.
- Strong support levels expected to break.
（Source from: TV-By TrendLogic1）