Gold price today
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Gold is trading at $2,658.69, gaining +0.04%, within a short-term ascending channel. Despite the current upward move, the broader trend remains bearish, with the focus on the $2,660–$2,670 resistance zone.
A rejection at this resistance would likely push gold back to the $2,643 midline, with further downside targeting $2,630 and potentially $2,600. Traders should prioritize short positions near $2,670, with stop-loss levels above $2,680 to manage risk. The bearish outlook remains intact unless a breakout above $2,670 occurs, which is unlikely without strong catalysts.
A rejection at this resistance would likely push gold back to the $2,643 midline, with further downside targeting $2,630 and potentially $2,600. Traders should prioritize short positions near $2,670, with stop-loss levels above $2,680 to manage risk. The bearish outlook remains intact unless a breakout above $2,670 occurs, which is unlikely without strong catalysts.
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