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After a steep drop from the 3400+ zone, gold is now consolidating between 3339 – 3351. The short-term EMA (blue) stays beneath the long-term EMA (pink), exhibiting that sellers are nonetheless in management. Nevertheless, consumers are trying to carry above the 3340 help zone. A breakout above 3360 may sign a short-term restoration, whereas a breakdown beneath 3339 would possibly lengthen the bearish development. 💡 Key Ranges to Watch: • Assist: 3339 / 3325 • Resistance: 3360 / 3375 Do you assume we’re organising for a bounce or one other leg down? 🤔📊 submitted by /u/davidck141 |
