Spot gold remains firmly in red as eased geopolitical and trade tensions revived demand for riskier assets.
The metal’s price eventually made clear break below pivotal Fibo support at $1547 (38.2% of $1445/$1611) after being congested here in past three days.
This generated bearish signal which would require confirmation on daily close below.
Bears pressure daily Kijun-sen ($1534), with break here to expose $1528 (50% retracement) and $1520 (rising 20DMA).
South-heading daily indicators support scenario, but oversold stochastic requires caution, with bounce and repeated failure to clear $1547 pivot, to put bears on hold.

Res: 1547; 1550; 1564; 1572
Sup: 1534; 1528; 1520; 1508



Interested in XAU/USD technicals? Check out the key levels

    1. R3 1573.72
    2. R2 1567.86
    3. R1 1558.31
  1. PP 1552.45
    1. S1 1542.9
    2. S2 1537.04
    3. S3 1527.49


The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

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