Gold Price Analysis: Bearish Reversal or Bounce?
Gold (XAU/USD) is testing a crucial support zone amid a potential Head and Shoulders bearish pattern. A break below the neckline could trigger a drop towards $2,807, while holding above it may push prices back to $2,940
Key Levels:
Resistance: $2,940, $2,960, $2,980
Support: $2,920, $2,900, $2,850, $2,807
US PMI Data: Strong data may strengthen the USD, pressuring Gold lower.
Geopolitical Risks: Safe-haven demand could limit downside.
Recent News
US Tech 100 Testing Key Levels Resistanc...
June 09, 2025
Market Insights
Dow Jones backslid another 150 points on...
November 21, 2024
Live Charts
Gold’s Short-Term Headwinds, Long-Term S...
November 28, 2024
Live Charts
WTI Crude Oil Faces Resistance at $80.47...
March 29, 2025
Market Insights
Dow Jones Holds Above Trendline Support,...
September 22, 2025
Market Insights
DOW JONES Forms Bullish Pennant Pattern,...
October 15, 2025
Market Insights
