Gold is currently trading around 3642 after facing rejection near 3648 resistance. Price action suggests bearish momentum is likely to continue in the short term
Bearish Scenario:
If price sustains below 3648, we may see a decline toward the support levels at 3632 and further down to 3622.
Bullish Scenario:
Only a clear break above 3648 would invalidate this setup and open the way for upside continuation.
📌 Resistance: 3648
📌 Support: 3632 – 3622
Bearish Scenario:
If price sustains below 3648, we may see a decline toward the support levels at 3632 and further down to 3622.
Bullish Scenario:
Only a clear break above 3648 would invalidate this setup and open the way for upside continuation.
📌 Resistance: 3648
📌 Support: 3632 – 3622
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