Gold Selloff Tests Critical Levels As Traders Brace For Bigger Market Shift
Gold Technical Outlook: XAU/USD Approaching Key Technical Hurdle
Michael Boutros, Senior Technical Strategist at FOREX.com, breaks down gold’s sharp selloff as prices approach a critical multi-timeframe support zone. With gold down nearly 7% from its monthly high, the market is testing key levels that could define the next major move. Boutros outlines the technical thresholds to watch as central bank decisions, inflation data, and geopolitical risks add to market volatility.
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.
Review my latest Gold Weekly Forecast and the Gold Short-term Outlook for an in-depth breakdown of the XAU/USD technical trade levels.
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--- Written by Michael Boutros, Senior Technical Strategist
Follow Michael on Twitter @MBForex
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