Gold Setup: A Non-Potential Selling Opportunity!

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Gold Setup: A Non-Potential Selling Opportunity!GoldOANDA:XAUUSDZahi_HagagGold prices today are fluctuating within a narrow range, with a slight downward trend. The market seems to lack any supporting factors ahead of the upcoming annual economic policy symposium hosted by the U.S. Federal Reserve (FED), set to begin in two days... Technically, the current trend, along with resistance from the EMA 34.89, reinforces the bearish outlook for gold. With Fibonacci levels at 0.5 and 0.618, the potential target for a decline could be around 3306 USD. If gold remains below key resistance levels, the market could continue the downward trend in the short term. What do you think? Do you agree with my outlook? Feel free to share your thoughts for further discussion. Good luck!