All bullish attempts have been limited below 1227.00-1228.00, which may bring the bearishness back into focus.

RSI trades below 50.00, while ADX shows decrease in bearish momentum, but we may witness a new attempt to reach the psychological level of 1200.00.

A break below 38.2% Fibonacci at 1192.00 will accelerate and a break above 1228.00 will cause failure.

Support: 1210.00 – 1203.00 – 1192.00

Resistance: 1220.00 – 1235.00 – 1242.00

Direction: Bearish

• Wall Street stays cautious on gold, Main Street grows more optimistic with Fed-moving inflation data mid-week   (2025-06-07 16:46:33)
• Wall Street and Main Street adopt a cautious posture on gold prices next week with payrolls data on deck   (2025-05-31 06:44:29)
• Gold isn’t out of the woods just yet, but its bullish potential remains   (2025-05-16 06:33:05)
• Gold gains, the dollar weakens as inflation cools to a four-year low   (2025-05-14 07:06:00)
• Wall Street balanced between bulls, bears, and the fence, Main Street maintains bullish bias with tariffs and inflation in focu   (2025-05-10 09:59:17)
• The price gap between oil and gold points to a recession and $4,000 gold - Bloomberg’s Mike McGlone   (2025-05-07 08:35:35)
• Gold surges ahead of Fed meeting, silver and platinum prices struggle to regain key support - FX Empire’s Zernov   (2025-05-06 08:26:08)
• Gold prices hold above $3,300 amid economic concerns: Where are prices headed?   (2025-04-30 08:37:50)
• With gold sentiment peaking, it may be silver’s time to shine - NDR’s Bauer   (2025-04-29 06:13:03)
• Bearish turn on Wall Street and Main Street after multi-session gold selloff saps metal’s momentum   (2025-04-26 05:50:48)