Gold was seen trading in the range of USD 3,660 – USD 3,665 at the time of writing. Earlier in the session, the precious metal reached an intraday high of USD 3,695, although it remained below yesterday’s daily peak.
From a technical perspective, intraday movement still points to a bearish zone. The H4 trendline currently provides support around USD 3,649, while the nearest resistance is located at USD 3,686. As long as prices fail to break above this resistance level, bearish pressure is expected to dominate in the short term.
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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