Generally, the direction is downtrend

Downtrend Side: Gold's price has stabilized below $2,670 per ounce. It may rise to test this level or potentially reach $2,685. Subsequently, a decline could occur, breaking the next support at $2,651. A breach below this support may lead to further declines toward $2,637 and $2,628. Given the current sensitive trading zone, caution is advised.

Uptrend Side: We need the strong fall correction. Then it needs to break through all the resistance levels it broke from yesterday. The confirmed bullish trend is indicated by stabilizing above 2714 with the closure of a daily (1D) candle.

Tendency Keys: 2651
Chart PatternsHarmonic PatternsTrend Analysis

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