Gold 7.7.2025
General Trend:
Gold remains in a well-defined ascending channel and continues to trade above the trendline and key support at 3257.88.
Expected Scenario:
Bullish Scenario:
- Holding above 3300.00 could support a rise toward 3449.60.
Bearish Scenario:
- A break below 3257.88 may lead to a downward correction toward 3120.33.
Key Levels:
Resistances: 3300.00 – 3449.60 – 3489.96
Supports: 3257.88 – 3120.33 – 3050.00
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