Gold is in a strong bullish trend, but short-term momentum may be slowing. Consider buying if the price stays above a specific level. Breaching the first resistance point could trigger another price surge with subsequent targets at higher resistance levels. A drop below a specific price point signals a potential consolidation phase. Trading against the primary trend is risky, so wait for trend reversal signals if that occurs. Technical indicators support a short-term bullish outlook, but watch for overbought conditions that might lead to a minor correction.
GOLD – USD – 15 min.
