business ๐ Gold's Price Action: What to Watch Next
Gold is currently trading just under $4,633 after breaking below a bullish channel's lower trend line. This movement is happening while the price consolidates near the 50 EMA at $4,634. The short-term outlook is weak as the price struggles to breach resistance between $4,673 and $4,698. Key support levels are identified at $4,606, followed by $4,573 and $4,545. Traders should watch these levels as the broader trend remains bullish.