Gold is experiencing a volatile downward trend. On the 4-hour chart, prices are currently under pressure at $3,765. The short-term rebound has completed its technical pattern repair, suggesting further downward movement. The 1-hour chart shows prices trading near short-term support, while the short-term moving average has flattened downward, indicating weakening short-term momentum. Focus on the resistance area around 3,750-3,755 in the short term, while support remains around 3,715.
Gold is currently experiencing small fluctuations. Quaid recommends maintaining trading within the 3,755-3,715 range pending the release of the PCE data.
New analysis and trading strategies will be provided after the data is released.
Gold is currently experiencing small fluctuations. Quaid recommends maintaining trading within the 3,755-3,715 range pending the release of the PCE data.
New analysis and trading strategies will be provided after the data is released.
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