Gold is currently showing a triple top pattern while holding at a key trendline support.
With geopolitical tensions easing, US inflation cooling off, and a potential Fed rate cut on the horizon, gold may be set for a correction.
A drop toward the $2,900/oz zone looks likely — this will be a critical support level. A break below it could trigger a long-term downtrend.
With geopolitical tensions easing, US inflation cooling off, and a potential Fed rate cut on the horizon, gold may be set for a correction.
A drop toward the $2,900/oz zone looks likely — this will be a critical support level. A break below it could trigger a long-term downtrend.
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