#DeFiGetsGraded
Gold Daily Trading: The decline is dominant. Pivot point: 3380.00 Preferred scenario: Sell positions below 3380.00 with targets at 3350.00 and 3340.00. Alternative scenario: Above 3380.00 targeting levels 3390.00 and 3400.00 as targets. Technical comment: The Relative Strength Index indicates a downward trend and further decline. Gold prices stabilized at 3,346.07 dollars after a sharp decline in the previous session, as investors await the release of U.S. inflation data that may provide additional indicators regarding the path of interest rate cuts by the U.S. Federal Reserve.
Disclaimer: This article is not investment advice or a recommendation, nor does it guarantee future performance. The investor is responsible for their investment decisions, and the article does not take into account their goals or personal circumstances.
