Gold Spot Price Analysis: Potential Reversal from Downtrend

15 May

price movement of Gold Spot against the U.S. Dollar on a 15-minute timeframe, published on TradingView by MollyRonaldFx. The gold price has been trending downward, marked by a series of lower highs, forming a descending resistance line. Significant support zones are highlighted, with the price recently breaking below the latest support area. The chart indicates a possible bullish reversal, as suggested by the projected upward arrow, signaling potential buying opportunities near the 3,148.71 USD level. Key upcoming economic events could influence price movement.

16 May

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