Gold Price Forecast: Faces Bearish Reversal After Hitting Record High
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Gold reached a new record high of $3,058 but triggered a bearish reversal, showing signs of potential price correction. Technical analysis suggests possible support levels around $2,924 to $2,945, with traders watching for a sustained rally above $3,058 to negate bearish signals.
March 21, 2025 | 9:00 pm
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Gold experienced a bearish reversal after reaching a new record high, indicating potential short-term price consolidation or pullback.
Technical analysis suggests increasing selling pressure after reaching record high, with potential support levels identified. Short-term bearish sentiment is indicated by the price reversal and narrowing momentum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100