Gold Price Consolidation: Potential Rejection or Breakout?

29 Mar

This 15-minute chart of Gold Spot (XAU/USD) from ICMarkets shows price consolidating within a well-defined range. The resistance zone around 3,084 is acting as a ceiling, while the support zone near 3,070 is providing a floor. The price is currently testing the upper boundary, with a possible rejection leading to a drop back towards the support zone. However, a breakout above resistance could trigger further bullish momentum. Traders should watch for confirmation signals before entering trades.

Note: This is not a trading signal, just my personal analysis based on current market trends.

31 Mar

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