Gold prices remained below $90 on Wednesday, showing strong resistance and insufficient upward momentum.



Technical analysis indicates a possible pullback, but this does not mean a decline. Therefore, after short-term profit-taking from a short position, we need to re-enter the market. After another pullback, it will test the $90 resistance level again.

Resistance level: $88.50 - $89

Target 1: $85.50 (medium-term support).

Main target: $83 (recent liquidity low).

Stop-loss: Set above $90.20 to maintain the effectiveness of the strategy.

Breaking above $90.5 will invalidate the bearish outlook.
$XAU $XAG
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