GOLD - SELL Pressure

prices eased on Monday, weighed down by a former U.S. dollar, while investors looked out for fresh clues on Federal Reserve interest rate cuts.

Generally, the direction is uptrend

Uptrend Side: The price needs to reverse and stabilize above 2625 by closing a 1-hour candle. Following this, it is expected to reach the resistance level at 2661.

Downtrend Side: The price has stabilized below 2650, indicating a potential decline towards 2638. A break below this level could lead to further movement downwards, potentially reaching 2625.

Tendency Keys: 2651
Chart PatternsHarmonic PatternsTrend Analysis

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