📉 Gold Caught in Consolidation After Sharp Promote-Off – What’s Subsequent?

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? 🤔📊