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Gold Market Analysis
Gold's recent price action suggests a potential downtrend. The key levels to watch are the higher supply zone around 2160, which previously acted as resistance. If this level holds, we might see a bearish divergence.
Currently, the market is looking at long-term support around the 21-EMA. If next week's candle closes in red, it could confirm a falling wedge pattern, indicating further declines in June.
Currently, the market is looking at long-term support around the 21-EMA. If next week's candle closes in red, it could confirm a falling wedge pattern, indicating further declines in June.
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