Gold: Key Support in Play as Technical Setup Turns Bearish

 | Jul 09, 2025 02:30AM ET

Gold Is At Critical Support

Gold is at a key trend line of support. Most of the world is watching the 3285 level near term, and a break of this level would put the 61.8% Fibonacci retracement at 3248 back in view.

A break of this level would target the 3120 level once again. Bulls are nervous, but this key support will be watched carefully into the next trading session.

Gold-Daily Chart

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Blake Morrow

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