Gold continues to trade within a well-defined range, showing no clear breakout or breakdown. Price remains trapped between the narrow range . Despite brief upward attempts, bearish pressure near the red trendline has kept the market capped this suggesting indecision as neither bulls nor bears have seized control. Unless we see a decisive break above 3330-40 area (previous support now resistance) red descending trendline or below the support region, price is likely to remain sideways and choppy in the short term.
This remains a non-trading zone for directional traders. Better opportunities may emerge after a volatility expansion outside this range.
This remains a non-trading zone for directional traders. Better opportunities may emerge after a volatility expansion outside this range.
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✅For Live Update on Gold Price and trade opportunities ; Join Free community
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.