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30.04.2025 03:07 PM
On the other hand, if the bearish force prevails, gold could fall toward the 200 EMA located at 3,168.
For this, we should wait for confirmation and a break below 3,260. If gold continues to rise, the primary resistance is located at 3,205.
This level could serve as a profit-taking opportunity, but we must be cautious, as if bearish pressure prevails, it could resume its bearish cycle.
The eagle indicator has reached the oversold zone, so we will look for opportunities to buy above the key support at 3.270.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
